This home is over 3 years in arrears, and it's over $100K under water....don't think it's a candidate for this idea.  

Unfortunately, the area that we hope to call home is currently flooded with investors and cash and our strong conventional offer cannot compete with cash offers that have no contingencies. 

In 2 hours I had her on board to subdivide the property providing moderate income homes and handicap accessible units with a park and water feature for the little children to play!

The property was built in 1999, but the seller has said they have completed remodeling each unit, some newer water heaters & appliances have been replaced, believes the roof is original along with other systems.  

It had a ton of water damage.  

My research shows I can expect 30-35weeks a year in a 2/2 water front 1/2 duplex.  

I went to the town hall and there are no tax, water, or other leans on the house with the town.

Knowing if the property is under water with the mortgage will give you an idea who potential bidders will be.  

A couple points just in case anyone is interested or the thread continues...The mess is confined to his personal space, and is not related to a water leak.  

Do I have a legal obligation to fix the water issue?