Do Not Trust your average handyman for this.Bathroom vanities, medicine cabinets, and light bars are pretty inexpensive anymore, and replacing the usual Box vanity with a pedestal sink makes the lua appear much more spacious (admittedly, you lose some storage, but you can regain that with an over the john cabinet or shelving.)If your tub surround is trash, fix it right...new concrete backer and ceramic tile.

Like Ashland it didn't smell desperate, yet, but it was appeared to be leaning.Income tax is a bit problematic in OR.

If that deal appeared in my local area, I would buy it TODAY!

You would be farther ahead to just keep the winner and avoid losers.MikeI think winners (properties that cash flow) are a lot easier to find in Ohio than in Western Washington.

For me I found that it is easier this way because we constantly have projects waiting to get started I try to plan that no more than 2 weeks before the next project is started usually less than 1 week but you know how things go.With a general contractor the will bid the job do the job as they are working on other projects as well and then when things they quoted you are done thats it, it doesn't matter that the doors need trimmed because the carpet and pad are too thick, that the outlets need to be changed because now they look bad on a freshly painted wall, if it wasn't in the original qoute it is extra and they may not be able to get back to it for 2-6 weeks as they are already scheduled for their next job.

I doubt that either of us would purchase until we've got a pretty solid contract on the TX house (not yet listed) although if a true "slam dunk" appeared we might!

Most properties that appear as you describe are in someone's land bank where they are putting together a bigger deal, waiting for a zoning change or lining up funding.If you do not mind, do a bit of research and then report back.

As the old saying goes when the student is ready the teacher appears.

I believe you should be able to find a hard money loan if you are purchasing at 70% of ARV minus repair costs, 65% or less would be even easier to find funds.

It appears that they cashed out some of the equity in the properties and put some into one of the homes.