It would be incredibly difficult (probably impossible) to find a house this nice and with everything brand new (HVAC, water heater, appliances, floors, paint, roof, siding, ETC) for only $30k all-in.

It would be incredibly difficult (probably impossible) to find a house this nice and with everything brand new (HVAC, water heater, appliances, floors, paint, roof, siding, ETC) for only $30k all-in.

Brand new to real estate.

If they are playing games, start the eviction on the 9th.

This may play a factor in the strategy on how to handle this situation.It doesn’t seem like there would be reasonable time for the seller to make a proper repair before closing, so best approach would be to request a seller credit.

I suggest properties occupied by investment grade public companies or strong franchisees/operators of national brands with 10+ years remaining on the lease contract. 

RC vs ACV example for the investor above could play out like this - Building insured for $60k on ACV, has an $80,000 fire. 

Yes, if you know how to play the game or hire expensive professionals like myself to help.

Again money generally comes into play in this section.Rehab also comes into play for financing, properties generally need to be pretty livable to get conventional financing.

(Use these formulas to help you look at $40,000 in ten years invested in housing or $40,000 in ten years invested in real estate.... even try 20 years).Anyways, I know this wasn't directly answering your question, but it was more to show you another way of looking at why the 1% rule is a rule... if you aren't getting that and are playing for appreciation or debt paydown + cash flow.. just be careful.