Like Chris, very sorry to hear about your condition. 

When I came across this property, I approached the seller directly and negotiated a fair price based on the property's condition and potential.

I check on real estate taxes, local taxes, insurance cost, etc.You also want to do your due diligence to verify property conditions, easements, neighborhood, and other details about the properties. 

Sell After RenovatingRenovate and sell the property before you leave to potentially make a lump sum profit, especially if market conditions are likely to improve.5.

Quote from @Grayson Grzybowski: @Crystal SmithThank you for taking the time to provide your insight on the questions I have asked.For your introductory statement, I understand this is how debt should be used. 1) I have already went out of my way to ask for as high of a limit as I can just to have it on stand by. 2) I am trying to build value into our home to increase the equity faster so I can utilize it as leverage in time. 3) I have already reached out to a lot of different investors and have their terms & conditions at hand. 

I’ll double-check with the lender to make sure there aren’t any unexpected conditions tied to it.

Most off market purchases cannot easily be comped with mls properties that comparatively have no risk and are in much better condition).so …Pay for a fixed fee mls listing with the property already under contract.  

:) Its generally a good idea to know the condition of a property or level of expected repairs so you can anticipate those repairs and build them into your bid for the property.

But the property as a whole was in much worse condition than expected, so I don't think the numbers would work out for me.

He says it's in good condition, could use AC and a heater, maybe some new siding but otherwise in good condition.He has a renter there paying $1600 month to month who wants to stay but has no long term lease.