@Ondrej Marimar we USED to manage a lot of this kind of product for investors like you.

Very happy with the final product and how my crew performed.

About the property: It is a duplex, Newly build so assuming no major capex expenses in next 10 years.

Then you pay for clean up, repairs to get ready to find another tenant.When everything is done, repeat all over.Ps - roof life 10-25 years depends on the weather, woods around and materials- furnace 25-30 years- HWT 10 yearsEtcNow factor these money into the price of the house and get it inspected how old is the major parts.

It has some distinct positives, and some major negatives.

@Alyssa SteinruckYou may have some contractors come and see how long it would take to repair the damages, or how long to repair the safety issues and get a better idea of what it will take to fix.If its something they can do in a week or two, you may just offer to put them up in a hotel until the major safety issues are addressed.  

FHA is one product that often, lenders are making a lot of money on. 

The other thing to keep in mind is that there are also portfolio lenders around who have 5% down products that may be worth exploring, possibly less red tape.

Was the only bidder a majority of the time until recent when 1 other bidder decided to join the party but was only window shopping and probably scared off of the OCCUPIED status)New London County CT  built in the late 80'schecked the public records and found the owner of the home. 

America.but must air seal as it will bring warm air from conditioned spaces to basement. dehumidifier produces heat as by product, and takes more electric to operate. if go with dehumidifiers get large comm heavy ones with humidistat and direct drain. no one will walk away with it. 300lbsdont just open window unless dry air cat 1 wind blowing straight in.it wont remove moisture only feed it. i use activtek  air scrubbers secured to a bracket holding plate. it kills protects 2000-10k sqft of mold bacteria, and reduces moisture as its byproduct of technology esp basements.