The roof, I’m not sure if it’s bad, but will payout of my own pocket for an independent inspection But the standard Minnesota c4d gives the seller soooooo..... many ways for the owner to “screw me” out of repairs and legal fees paid to him for repairs.

Lot of it has do with intent, I think ppl use a year as a safe guideline, but if you're going to be there for at least nine months, but potentially beyond and you really don't have a definitive end date, I don't think using a VA loan would be acting in bad faith.

You are likely to end up with a bit of turmoil with that cheap of a property (probably not in great shape and/or in a bad neighborhood) and lower-quality tenants (evictions, excess repairs, etc.).

Is it a bad idea to back out of my current deal at this stage?

I also think where you are at in your investing career/portfolio plays a part too... if it completely blows up in your face, will the 80K kill your business? 

Initially, the pricing wasn't bad, but now they were literally raping me to turnover units.  

That said, I know people who have made good money in really bad locations, but I would argue they took on a much higher risk. 

It’s not too bad, needs work for sure.

You'll get some additional benefits with a CSS if you replace an item as you'll be able to claim loss deduction, and also your heirs might benefit if they inherit a property with CSS (too bad you have to die for that though).And then there is the question of the value of money now, vs in the future, or the future value of invested tax saving.So, now that I gave you (most of) all the balls, try and juggle them all in the air and see how it goes for you.I can tell you I choose to spend the money and get CSS for two of my SFR rentals.

Hello everyone, I'm not an experienced investor I should say from my experience that I'm a terrible one, we owned a doublewide on a 1 acre lot in Gainesville Ga that took us a lot of work to pay off ($59,900 owner financed at 10% interest) but once we finish it we tried to rent it out and it didn't work, tenants destroyed the property so we left it alone for a few years.Two years ago I decided I was going to fix it myself and I did, it took me 1.5 years and at least 20k but once we finish it we had a bad storm in Georgia (Irma) and three trees fell on top of the house.