and police costs  (directing traffic, detouring traffic, blocking off streets)  and etc. and etc. 2.

School assignment can have a huge effect on value in the City of Atlanta and school assignments can vary block by block in some cases.Rick

I understand why since its blocking a walkway and fire hose station.

In our market area, there can be a value change every block or two in certain areas, so make sure you are really paying attention to the exact location.From a wholesale standpoint, I see no "meat on the bone".  

Total cost for repairs would be $20k + 10k for upstairs generic repairs such as cabinets etc.A house 2 blocks away (same neighborhood) with same floor plan sold for $265k in May 2014.My questions are:1) what do you all think would be a good offer price?

I live one block away.

The property was a 2/1 sq ft 1022 built 1956 block build with central air.

If not there can't be a cap rate since it's not producing cash flow.If you want to provide an address I'll see what others on the block/area have sold for in the last few months.

Leo, you are setting up the building blocks of a successful business.

One of my said accounts has close to 3000 friends, which means everybody that doesnt have me blocked should occasionally see one of my ads.