@Dave FosterGreat catch, thank you for the correction!

For my projects, I buy all the “finishes” which are pretty much anything you can see with the naked eye (except for paint, which I just give the contractor the color codes).

The challenge with fire damaged properties is that there is more than meets the eye.

It takes up most of the room and is an eye sore, and I wanted to see if I were legally able to remove the stairs and just leave them with the deck.

Sometimes it seems like that is way too much cash in there but it keeps it safe from my daily eyes and is just a check away. 

I understand there are complexities in having properties in different states from a tax/incorporation perspectives.The question is: Where should I create the LLC to buy the properties?

Anyways, here is the property's info:Background:- SFH 3/2.5 1600 sqft- Purchased with VA loan in 2016 as a rehabbed property for 186k.Current condition:- current mortgage balance 178k- late payment balance 15k- original mortgage payment 1305- current mortgage payment 2345 (new rate to catch up behind payments.

If I were able to have the seller take care of the septic and well, would that make this a deal in your eyes? 

What they need is an "investor" (read parent(s)) to help them qualify.When I was working in corporate America I was in the same situation as you.

It may look dull to the untrained eyes, but to the investors who are willing to put in the efforts, millions could be made right here at home.