I politely explained to her that she accepted the home in its "used" condition when she signed the lease, and that I had no intention of updating it to a "newer" condition.

Josh - breathe a serious sigh of relief...

One of these disclosures is an Intent to Proceed form.  

CO is actually a byproduct of combustion and is odorless (hence one of the reasons it's so dangerous) and that's what the detector is for, because one can unknowingly breath too much and it can be fatal.  

As others point out, they may have more money, cheaper money, better vendors/contractors to do better, faster work cheaper but, if you are a mom and pop player with the intent of buying at the courthouse steps and you have the money to do it, go for it.

But if you think you might get a 100K bump in 6 months, i think that you might want to take a deep breath.

The key is to transform intentions into credibility.

Chris MasonSorry for my lack of detail.I would be living in the home with friends of mine (post graduates) who are working downtown with the intent of renting it to college kids after I move out.

What was your intent with the property ?

Even "stupid" investors aren't going pay too much higher than the typical cap rate unless they're seeing some way to boost the current income so they can boost the NOI and thus, the value, even with the same cap rate factor.But if you're thinking that the market has a cap rate of 6 there and you're wondering whether some idiot is going to come along a pay a cap rate of 3, then I wouldn't hold my breath if I were you.