Repairs are going to depend on age and condition of house.

Additionally, since we are looking for fixer uppers, in what conditions would a bank not cover a house with a mortgage?

What you can't do is to fund someone's flip from your IRA on the condition that he/she will use IRA to fund yours.

Also, provide the buyer with other records such as copies of the current rental agreement, record of deposits, move-in condition report, and record of improvements made to the property since the tenant moved in.

Lenders have different lending terms and conditions compared to their competition.

The only thing the seller said she is willing to do is to get on the phone with the bank and authorize me (or just conference call the bank) to discuss loan condition to sell me the house. 

Many of the places we saw were what we associated with typical student rentals - old houses in fair to poor condition, with students sandwiched into small rooms and ancient common areas in serious need of updates.After much searching, we came upon a nice 5 bedroom brick home about the same 10 minute walk from our daughter's main classroom building as her freshman dorm. 

Because you can still buy (plenty of) satisfactory condition family homes for less than $30k in 2018 (ie. before the next credit crunch),  can you see why "no where to go but up" is not a given?...

Hi All, Does anyone have experience working with Lion Enterprises or Sigma Air Condition to replace PTAC units in Manhattan?

Conditioning the air will remove the humidity, aka air conditioning.