(I did have a friend who is a waterproofer look at it the time I witnessed the outside flood, and saw water inside, and he indicated installing a sump may not flow enough and also allow an easy spot for penetration)2.

I live in the Washington D.C. area with my beautiful wife and 15 month old son.

The SF is a beautiful craftsman and is in turn-key condition with clean tenants.

Here are the numbers:Sale price (also appraisal value) - $240kFirst/second mortgage - $80k+$30k - $110kHOA - $10kRehab $30k (found some electrical and used some higher end materials from original plan)Carry costs - $5,300 (insurance+mortgage payments)Agent Fees/Legal - $13,500Total deal - $240k (sale price) - $170k (costs) = $70k net profit (before tax)The beauty of subject-to was outside of an attorney consult there was no fees to assume the mortgage which meant no closing, no loan.  

If you are holding it as a rental I would consider back filling 6" of soil around the beautiful foundation walls you built to make the porch under 30" (code compliant) and then add the railings at a later date if you want to sell or improve the look further, or when the finances permit it.Best of luck!

I have two properties for sale in west philadelphia.55XX elliott st - rent ready - asking $53,00054XX Spruce St - Fully renovated beautiful home.

That is the beauty of being a real estate investor.  

What's your opinion on the book as it relates to what you've actually witnessed?

Full Disclosure is a beautiful thing.  

Now, I've discovered the beautiful art of Wholesaling.