This market calls for patience and perhaps a little extra negotiation savvy, but for those who lean in, it’s packed with potential.Sellers, hang tight!

This seems very appealing due to the monthly saving cost when compared to a heloc or other loan options.

I have had a couple of estimates to complete this work and it ranges anywhere from 40k to 75k.

Partnership interests are not considered like kind in a 1031 exchange. 

This is a unit you live in? 

Lastly, while looking through the County Court Record I found a dismissed Eviction record filed this year Feb of 2024 on the prospect, the address listed on the record for the prospect (Defendant) is the current property they reside in but found another management company (RENU Property Management) as the plaintiff (this one was easier to look up as it operates nationally in several states).I usually have no problem with this as prospects usually reside in a known management company serviced in the area (Most are the typical corporate rental companies like First Key and Progress Residential, and some with the more known local management companies.).

Purchase price: $40,000 Cash invested: $16,000 Conveniently out of the flood plains, this welcoming 3-bedroom home is features a huge master bedroom, refinished hardwood floors, spacious living and dining rooms, and a stunning kitchen!

So someone who is looking purely to maximize potential return (and has unlimited time) is unlikely to find this a good fit.

Can experienced folks provide some inputs about the usefulness of this feature? 

Tack onto this, legal fees, preservation, taxes paid, etc and you'll likely be over 600K total judgement.