The worst animal smell and conditions I have ever came across.

There are no spots in the ceilings that look bad and based on the condition of the rest of the paint I don't think the last people who owned/lived in it would have covered it up.The other numbers have helped too.

Depends on the condition of the carpet when you moved in, but if you were my tenant, by the sound of it you'd be buying new carpet.

The best I've done thus far was a 3 BR 1 Ba 1400 Sq ft SFA - middle of row in decent condition....for $22K...not war zone - this block is actually pretty decent - but two blocks down...no comment....but we're only getting $550 rent - section 8 around here is tough - very stringent regulators....

A 4 month vacancy, an eviction, a lawsuit, or a large repair like air conditioning or roofing can eat into your cash flow and make you business a total waste of time in terms of making money, which is why we go into business.

If have Dealer staus acording tothe IRS even if you hold a property longer than one year you still pay ordinary income on it and all your gains are subject to self empoyment taxes (ie: Social security @15%~~).

You need to be known in your city as someone who can and will buy properties quickly at the right price.In addition, most of these deals won't be in pristine condition.

I have had no problem in the past and wouldn't have a problem now if the market was not in in present condition .

Personally I would add a contingency to the contract that the current tenants are out and you will take the property in the condition it currently is in.

Petersburg FL he is asking for 70k decent condition with a Tennant still living there.