The ability to successfully analyze these situations is vital to success.  

We have 4 members in our LLC but only 2 of us have access to any accounts, and we check repeated times throughout the week on our balances just out of habit. 

Based on that quick search and the fact the home is habitated - hopefully this will be a great deal.

John, In the future, you might want to think about pre-vetting your contractors by asking for 3 or 4 recent jobs they have done that are similar in scope and price, and also ask for a couple of current jobs they are working on.Call the previous jobs and ask about the work quality, and the owners overall experience with the contractor, and visit the job sites where they are currently working to see the quality of workmanship.It's a lot of work and time, but $10,000 (I assume you had bids) (and assume it's the going price in Abington for this time of year) is a lot of money, and unpaid contractors have a habit of placing a lien on the property that must be satisfied to sell it.Good Luck!

I made up my mind then and there to change things in my life, dig myself out of the hole that I had gotten myself and my family into due to my bad financial habits and my ignorance of how money actually works and started devising a plan.

Hi Jake,You would have to asses that on a case by case basis.Find out the how this condo operates, look at their past habits, and talk to the owners and managers.Otherwise it's just guessing.Good Luck!

Our insurance adjuster is completely unresponsive to direct questions, and considers our residence habitable when it is not.

You will NOT find a property at $250,000 at this time that is habitable in any part of LA/OC/IE.

Also take note if the property is habitable now and would qualify for conventional financing or if you need to use HML. 

I don't want to make a habit of finding any old properties to show investors because I want them to take me seriously.