It was built in 1930 (this does not scare me, I am very mechanically inclined, plan to do all my own maintenance and repairs), last years taxes were $1054. 

No permit needed on regular repair of home, including plumbing, electrical and mechanical - although work has to conform to established guidelines.

If the mechanicals are in good shape and the units don't need much work, you may have a winner.

It has auto feeder, scans both sides of the page, good quality text printing, water proof ink, can print on both sides and has fax capability.

I think if you ask most people in the know and see the unequivical data now, it says the worst part of this cycle is now over (short of some other external mechanism causing it to tumble again like Europe, our own Debt Crisis, etc).

There was nothing mechanically wrong with the house.

Everything else is just the mechanics.

I'm really no mechanic and the closest one I trust to do a good job at a good price is all the way in Austin.

However, if and when I do touch them, I auto deduct 10% from the value, then deduct more based on other factors like, how busy the street is, what other negatives it has, what other positives it has - which reduce the discount, and how quick I feel I can get in and out.

I have valued these for high net worth individuals and understand mechanics.