Then I'm sure that I will be able to spend time doing what I want and not have to ask permission.

At that price, plus needing to spend more on updates and repairs, I have to ask what the total monthly rent will be?

Fix those things and even spending 15k to do so, buying the house at 14k and closing costs you are in for 33k roughly.

I'm thinking I may just have to spend some time driving around and finding distressed units so I can try a 203k loan.

I can see if your model is to keep the notes its more complicated given all the money you have to spend with third parties getting the things worked out and or BK or other things people do to squat in houses. 

- Get a rough estimate without spending money, if that’s possible, and reduce offer price or havevthe work done by current owners?

Hi Arreanna,Generally, you wouldn’t want to spend more on repairs than the house is worth.  

Having said that, its not quite as simple as the 1% rule,  Rules like this are good weed out for those of us that look through large numbers of deals at a time and need a fast way to determine what to spend time on and what not to.  

I'm guessing spending hours on Zillow looking for the right one or having the right connections? 

Close to public transportation and freeway access.Each unit was a 2/1 with 800 sq ft rented for $1200/moProperty was rented out by a non-profit, so those tenants were probably receiving assistance of some type, as those are above market rents. $1,000/mo for a 2/1 is more standard....561 Pecan St, Sacramento, CA 95691 - $800kSold in 7/27/17 for $800k8 large 2 bedroom units, newer windows, paint, remodeled 4 units and updated 4 units.