There are usually some minimum services like painting and house cleaning, but if additional renovation or maintenance is required, that will add to the price.

Was it marketed to you as POS compliant on the listing, or understood that the seller was clearing the POS? 

pid=2114Houston Real Estate Highlights in August, 2024:• Single-family home sales declined 8.3 percent year-over-year• Days on Market (DOM) for single-family homes went from 43 to 47 days• Total property sales were down 11.2 percent with 8,730 units sold• Total dollar volume declined 8.8 percent to $3.5 billion• The single-family median price was down 0.3 percent to $336,940• The single-family average price rose 0.9 percent to $421,912• Single-family home months of inventory registered a 4.5-months supply, up from 3.2 months last August• Townhome/condominium sales continued to decline, falling 16.7 percent, with the median price statistically flat at $226,000 and the average price declined 1.2 percent to $258,952.

Id get a price from a licensed plumber to fix what is known bad/ faulty, and an additional price to replace all that is a potential problem down the road. 

The rental market is really good, and rents are 1% of what he's selling them for.

I look forward to getting to know these markets better and connecting with fellow real estate professionals here.Any advice or insights you can share would be greatly appreciated!

Hey guys, I'm looking into marketing to probate leads in FL.

For help with the section-8 process, it's very important to have a PM that's familiar and connected with the HUD programs in the selected market. 

Hello,Curious to get opinions on effectiveness of using postcards vs. hand signed and addressed letters for marketing. 

When we take over a property, and the rents are $400 less than what market is, as in your case, there' usually no way that resident can pay.