The 15 years is a major "no go". 

It would help if you had somebody that knows a little bit about buildings to point out major flaws. 

I was just curious about others opinions because I have had some newer investors from Asheville say they would only pay $160k and I'm wondering what formula they are using because only homes in major need of repairs are 160k and I know from my own rehab projects that and 30 to 60k would need to go in them to get good rent.

Have a small property with a $95k ARV. Purchased the note for $15k. There are approximately $10k in delinquent taxes. Property will need ~$15k in work to achieve the ARV.Owner really wants to stay and can (with a BIG ...

Allowing them the non-refundable fee would be a nice gesture since they will deal with the short-term issues, but ultimately you deal with long-term issues of having a pet in your property and should receive the majority of the monthly fees.

Major lenders require this info up front.

On residential sales I see flood zones as a major concern, but on a rental property many investors I've talked to see this as an acceptable risk as normally the insurance would cover it the cost of any repairs.

So I'll first lay out the basics of the deal... and then pose my quandary..... that felt like an elegant sentence lol. 2 unit building near major medical/college campus'Last 5 sales on street for similar properties- 350k, 350k, 450k, 405k, 505kARV- we'll say 400kSeller Finance TermsTerm Length-5 years, with option to extend 2 more years at 2% higher, 1st yr int onlyPurchase- 235kDown Payment- 15kNeeds: 85k in rehab-mostly exterior and some cosmetic insideTenants currently pay $950(two bed 1 bath) and $740(two beds one bath)-- The owner doesn't use 3 bed rooms upstairs-- he used them for storage.

So then I get a call from an electrical contractor stating that the unit next door is having some issues with their power and they have located that the problem is under my deck, and they will need to remove boards, dig it up, and do a repair.However, a couple of small twists in the story make me nervous.One is that apparently the homeowners are responsible for the maintenance of the power line from from the transformer, so it’s not the association with deeper pockets who is on the hook, its the nieghbor .

Or as the majority member and the willing party to guarantee the refinance do some banks work with you on this?