They don't care about the work needed.I'd try to get it as a short sale for $125K, and then rent back to the owners (who happens to be a friend I've had since age 4, so there is a high degree of trust between both of us).

I started late- age 22.

This person is nearly twice my age, so them only having 2 small claims cases ever is pretty impressive.

Here are a few questions:- What age range of houses are best for flipping?

Though within 6-8 month it looks slightly difficult to develop a property, but nothing is impossible in today's age with so much of technological development.

Think about age of students there and what kids that age can / might do.That's why some people don't want to be too close to a high school.

Paul broght up the age-old SFR vs MFR (2-4 unit properties in this context) earlier in this thread.

Buildings of this age can have costly insurance as insurance companies know unless everything has been replaced the failure rate for things increases along with frequency of increase of claims.What is the turnover rate for the apartment and what vacancy is the seller reporting??

It is just like a police officer, teacher are firefighter, you can't do it for the money.financially speaking, my benefits at age 40, will roughly equal to $48,000 a year for the rest of my life.

You're also right in that it's a unique property, the zoning, age and size make it unusual.