NO EXCEPTIONS.The house has a very high efficiencey A/C, extra attic insulation and solar reflecting screens on the windows to keep YOUR utility bills lower than the neighborhood average!

I've driven past most of them and have decided against most because of the price--kind of have to laugh, most of the ones I've not even looked at inside because of price/size/location/exterior condition/neighborhood have been priced similarly to better houses in better neighborhoods that look a lot better.

In some markets there are little niche areas or neighborhoods that will cashflow.

Buy a bad house in a good neighborhood.

IM CURRENTLY LOOKING AT A COUPLE OF DEALS ONE IS SINGLE FAMILY HOME IN MY NEIGHBORHOOD AND ANOTHER IS A 4 PLEX THAT HAS BEEN ON THE MARKET FOR 18 MONTHS.

Which amps my take a little bit more.BTW, I strictly deal with houses less than $80K, generally lots of them in my neighborhood.

Some broken joists were just that (turns out the whole neighborhood was built from very knotty native pine, and everyone has the same issue).

Cruising neighborhoods and inquiring about properties that may seem dilapidated.

or, i'll drive through neighborhoods looking for disaster opportunities, number of houses for sale, neighborhood condition, and lanscaping/exterior finish ideas. i can't invest in another house until the end of the year, but the day i get back to the states i'll still be familiar with my market, and i'll be ready for the next adventure.

Its in a good neighborhood, and its a good looking house.