Would like some advice on this deal - thank you in advance SFH under contract for $106k (current owners purchased a year ago for $59k and did lipstick on a pig) - neighbourhood nice b /C class neighbourhood - little crimeInspection brought up a few things Asbestos tiles in the basement, im told they are fine but I would prob want to epoxy over them to be safe though not needed supposedly I just dont want to have anyone at risk ($1500)Roof will need to be replaced in the next year ($8-9kish) and chimney needs workGarage door needs to be replaced (has a hole in it) ($700)Stairs and driveway need to be addressed - very bad trip hazard, driveway needs serious work ($2k)Had drain scoped needs to be cleaned out ($500) but otherwise goodAC is working but on the way out in the next yeara few windows needs to be replaced and smaller stuff etc - looking around 15-20k out of pocket to get home up and running Now all done up this home will appraise for $120-125k and rent for 1400 a monthhowever and I understand the sellers want to make some money (home was sitting on the market for awhile) but this is a pretty big list of big expenses and while I dont mind taking them on to be all in with zero meat on the bone from an equity standpoint seems not ideal as I will be locking around 40-45k up in the property (from DP and fixing cost) and homes in this area appreciate around $1k a year - so not much appreciation potential Insight appreciated - thank you for getting this far

Read the book "Long distance real estate investing" by David Greene.

Just to add to what @Jonathan Greene said (which is all true), there are way too many layers of red tape in short sales to make this a viable avenue for wholesaling, plus the odds of getting an appraisal to work at a number that not only profits the buyer, but a wholesaler as well - never going to happen.

It’s a service landlord offers a nice clean up to date place to live and makes repairs in a timely fashion.

They clean between each client, like air bnb, and do their own maintenance.They have sent us a sample lease which I sent to the HOA, and I was a bit shocked that they accepted it.

@Adrienne Green @Chloe Kim This is a topic I've seen come up before that falls into a little bit of legal gray area, and I've seen interpretations of the laws vary widely.

In my area, these sell with contract in place first before showings.If you think it might sell better or for more money as owner/occupied potential, then you might have to get the tenant out first, clean it up and sell it vacant.Third idea might be to give the tenant some incentive to clean up if you can sell for X.

They don't want to buy a property and then have to clean up your mess.

Hello everyone, I'm fairly new to the industry, I'm from Dallas, TX,  as many as David Greens, Brandon Turners, and Ashley and Tony's videos I watched i think I just about have the systems down pat, but I would like to find people in the industry to network with 

You will probably need at least two weeks to clean and move.