How much are you willing to spend on new carpet, window seals, new hardwood, dry wall to avoid replacing the forced air system?

Whether flipping or buy and hold, the deals are drying up for everyone it seems. 

The existence of a dry cleaner business on the property will likely throw up a red flag. 

I'd say there's great opportunities in every market however if you're not educated on how to play at this point in the cycle you should sit on your dry powder for a while.There's a lot of dumb money in the market that will get transferred in the next correction. :)

Contracts are pretty cut-and-dry and easy to follow, especially for an attorney.

Unless Amazon moves into the RE market, and starts stacking shipping containers, renting them to millenials as studio apts, and undercutting me on price, I'm going to be good. 3) On the other hand, if liquidity dries up nationwide, as it did in 2007-9, I suppose the worst case scenario is that my bank doesn't want to refinance a few of my 5/20 year/am term loans.

The combination of cash flow and appreciation is just too sweet.Even the middle segement 300k to 400k is dry.

But when I say full gut and rehab I'm talking: taring everything down to the studs, updating plumbing and electrical throughout, probably upgrading the panel, adding duct work for heating and cooling, new mechanicals (boiler, A/C, etc) , hardwood floors, new kitchen, new dry wall and insulation, paint, finish work, etc.

@Aaron Klatt I agree, I didn't think this was the case, but this seller is very unconventional and does not do anything by the book - which, long story short, has led to her being in all of this trouble.

I spray the leaves with Round-up on a warm dry day (normally wouldn't use it, but sometimes chemicals are your friend), then plan to go out in a day or two and remove as much as possible.