Now, I cant say I completely agree with that philosophy, but they are definitely doing well and they definitely have a point in that waiting to invest is probably worse than investing at the current time.

So it needs to be torn down completely, and I want to buy it from him.

As a Canadian resident and recent flip investor I will be travelling to the United States next week to visit my properties (which are in the final stages of completion) and to have meetings with my hard money lender, real estate agent and construction manager.

Completly the wrong word for what I wanted.

I just completed the inspection yesterday and it seems the roof will need to be fixed(over 20 years, the boiler system is very old(there are 3 boilers), one of the 3 hot water heaters(HWH) is leaking and the 3 car garage (which is one of the main reasons the property is compelling as an investment purchase) is not structurally sound and may need to be demolished.

I just completed the inspection yesterday and it seems the roof will need to be fixed(over 20 years, the boiler system is very old(there are 3 boilers), one of the 3 hot water heaters(HWH) is leaking and the 3 car garage (which is one of the main reasons the property is compelling as an investment purchase) is not structurally sound and may need to be demolished.

I have some experience in project management for a couple of smaller retail locations (one 3,500 sq ft and one 2,100 sq ft) which were complete renovations. 

We bought the property with cash not using any of our own money for the purchase and used 16k of our money plus what was left from the 100K we borrowed to complete the rehab.They bank was asking 105K but we got it for 69K.

I have purchased many properties, and nearly all are rented and mortgaged privately, just completed major renovations and have 2 more to complete now. 

A complete remodel of this house with new floors new kitchen cabinets and new bathroom fixtures and cabinet and floors would be about $18,000.