If you go to my latest blog post (the cat pee house) that house costs us about 20k and it was a light rehab (There was an additional 15k to remove the septic and hook up to the city.

Today, it is a marketable asset as it can go to almost any pawn shop, but the value is very volitile and people off the street don't get any where near market per penny weight.

I was wondering if there was anyone who can shed some additional light on this?

Maybe more light going deeper, bank regulators require a bank to show that any REO/ORE held is being actively marketed for disposal.

New lighting, likely some new wiring needed.

After some back and forth ended up settling on $850k.The inspection then uncovered more issues I wasn't aware of: roof needed to be replaced, drainage clogged, some wood root in a few places, a lot of the exterior lighting was non functioning.

Upon further examination, the 'dust' is actually a light layer of mold, and the same mold is on literally every surface, from door, to furniture, to floor...I am thinking of getting a professional mold mediation company to come by and give a quote.

I'm not a huge proponent of them but maybe you can show me the light.

You have to weight the cost of the eviction vs the potential of the tenant actually telling the truth (which is rare).

Even with all the research and reading I have done over the years it still brought to light some things.