The pros: - not having to do a major renovation from out of state- easier to get a conventional loan since the house is livable vs. a distressed property (would need to pay cash, do a hard money loan, some other type of financing)- can get a tenant in quicklyThe cons: - you don't know how good the renovation is, could be cosmetic without addressing underlying safety issues (plumbing, electrical, foundation, etc). - a home can pass an inspection but once someone is living in it and putting daily stress on the house (turning faucets on, light switches, turning on heat/AC etc), things can start to malfunction.

hello group, I am actually a contractor in dallas/fort worth area and help commercial clients in the insurance restoration industry, we pretty much make there insurance companies pay for new roofing, siding, etc whatever applies. 

But when I add in the cost of paying on the HELOC as well, it gets even farther from penciling.

Get their feedback before making offers. 3) Pay an experienced investor to do a video tour of the property and neighborhood - someone who is unbiased (not on your agent's team).

At the end of the day it's not about what you want, it's about what someone will pay for it. 

Many times the owners can not be found or if they are they want nothing to do with it and in a lot of cases if found, I pay them for a quit claim.

They also wanted top dollar and have no pay histories, vacant abandoned properties….

Please help There is no abligation with the agent and the seller after the contract expires, however if the agent can prove that it was an arrangement not to pay his or her commission there might be a legal case there.

But it’s am answer worth paying big bucks to be right. 

I do know that HUD posts rates and the local housing authority can pay between 90-110% of that payment standard for the particular zip code the property is in.