I looked at your video--you have a CMU block foundation wall, so you have joints all over the place that are susceptible to water intrusion which will eventually crack the mortar and it will need to be re-pointed if you don't stop the water.

Upon my inspectors inspection, this is what he found: near complete wood rot on multiple floor joists, wood rot on the main beams (called girders) that the joints connect to; wood rot on the sub-floor and...it is covered in mold! 

As such, I am constantly sharing my experience and the life real estate can offer.

I would constantly spray WD-40 into it.

I’m constantly learned everyday, although the first deal didn’t end up perfect and kinda shook me up, I still saw the true power of real estate and I encourage anyone out there who has got a deal yet, or had a deal go bad.. to keep working toward that next deal.

My relatives constantly get called from real estate agents offering $125k-175k and they have no interest in selling as they would like to either leave it in their Will to their kids or keep it in the family.

Money not recovered is still a loss.Cash flow negative is a constant, accumulating loss...that as it adds up (see subtract), it just puts you more behind.  

Joint venture offer - which is what you described above but instead of having an appraisal as the basis of the price, give the seller 50% of the profits on top of the cash offer.For example, say the house is worth $300K with repairs of $50K.Use the 70% rule for quick math.1) Cash offer - $160K2) JV offer - assume profit is 20% or about $60K, offer then is $190KThe way I would structure the JV is:the seller deeds you 50% interest in the property (so you become TIC - tenants in common) so you are more in control and you should rehab and put money in a property only if you own it or own a part of itThere is a separate JV agreement that stipulates you will rehab, market and sell the property and give the seller 50% of the profit on top of $160K quick sale priceHope this helps.

It’s in a great area with very few comps so it doesn’t get great appraisals historically, but has a ton of interest from cash investors ( I get texts and mailers constantly).

I'd just choose to work with someone who can provide you a lot of information up front on properties so that you're not constantly inquiring on things that interest you and then waiting to hear back.