People like to throw around numbers like "I built this place for $100/ft" and other statements like that.

@Adam JohnsonDepending on your financial situation, if your working full time right now One thing I will throw out there is you need to map out what you need for income to do this full time.

They dont do a good job cleaning up after themselves, they throw parties where people are invites that do hard drugs and are very noisy, and they have started to be neglectful of their other responsibilities like cleaning altogether.Every time we leave town with our friends for a weekend trip or something, our friends are always stressed out at what is going on at home.Three weeks ago they agreed with the roommates that they were given a verbal 60 day notice to leave.

If someone is doing roof work he shouldnt be just casually throwing nails and shingles on the ground without a tarp or some sort.

MOST of all, if/when he comes back to fleece you for fees to make the sale happen or whatever, for heavens sake do not throw more good money after bad.Best wishes. 

Well I'm not an expert by any means but it looks like to me you either need some of your own money to throw at this or try to get it for a better purchase price.

Upon turning 18, I wanted to purchase a home so that I wasn't "throwing my money away."

I have a solid contact I can throw your way, licensed and insured.

Should I keep paying rent and wait it out or should I act now since I saw a few potential properties that won't cash flow, but at least I could potentially make some equity and not throw the money away in rent but then again if the market drops a bit and the same property is worth 50k less next year than the equity part just went out the drain hole. 

The CEA bankruptcy thing is an excellent point that I'm glad I know now and must research more on.I'll throw my POV into the ring for what it's worth.