I negotiated to have the seller pay for literally every aspect of the house buying process for me.

The exterior has recently been redone: new hardi-plank siding, new windows and new roof.

Most of the time, turnkey buyer will back out if there is trouble with the HVAC, roof, plumbing or electrical or request a credit for the amount at closing.

The town has some interesting dynamics though I have never been able to get past the property taxes.I have to disagree though I am not a flipper so maybe that is part of it but I am much more worried about the LLC aspect for holding property because a tenant has a lot more protections and is there every day.

It is a good community to network and learn about all aspects of real-estate investing.

.- when purchased by father in law-- building was vacant and needed extensive rehab: Roof, electric, plumbing, complete gut and rehab of interior.- he got written estimates on all of the work in 2014, and they totalled $200k.- he had a different contractor begin work on the property without permits, as far as we can tell (there is no paper trail- permits, receipts - nothing). - they did plumbing, electrical, demo interior, installed duct work, new sheetrock and sub floor,  kitchen and bath cabinet, counter, sinks, tubs, toilets, tile work, and new windows throughout.- additionally, he purchased light fixures- interior doors- and appliance packages for each unit which are all sitting in storage now.- since he did not do the roof, there is now water damage from the leaky roof, to some of the new sheetrock and sub floor.Here is where we have gotten so far:**read a bunch of info on NOI, Pro forma, CAP, and looked at other delapated multi family buildings that have sold in the area. 

@Mike T.My advice (I am a heavy CL user in all aspects)1.

To make the long story short we agreed to buy the property because of the potential was pretty good and the HOA was doing a great job with the roof.

New roofs, new windows, new 90% efficiency propane forced air furnaces, new sinks and counter-tops and new carpet throughout.

New roofs, new windows, new 90% efficiency propane forced air furnaces, new sinks and counter-tops and new carpet throughout.