@James Syed How old are the systems, (roof, windows, siding, hot water heater, appliances, HVAC, etc)?

If the roof is over 10 years old, we replace it. ($3k-$8k)4.

Maybe show dramatic pics of hidden damage, water damage from leaking pipes, dry rot, etc.3.)

Burned an area about the size of a small coffee table in the wall and roof.

Apartments get a 1.3 FAR ratio to build on LR2 Cost to build would be very similar to the town homes even though it is larger, but has less roofing and siding etc.

There were no apparent leaks in the roof.

I had previously told the landlords the tree needed attention as it was causing damage to the roof.

House exterior is great, roof is new, electric and plumbing are new (he's a plumber by trade), and the foundation is in great shape.I did some rental comps, and I think I could get 650/month for it if it was finished nicely, and maybe 700/month if I add central AC (which I'd definitely look at doing if the numbers work).I offered him 17k, in cash, when I get back to town in January, and while he didn't accept it he also didn't hang up on me.

One partially remodeled kitchen and partially remodeled bathroom.)Entire back half of roof was replaced in 2013Interior of house is in good condition.Possible owner financing scenario:Down payment $10,000Amount financed $29,900Monthly payment -- $284.7530 year amortization10 year balloon payment No prepayment penaltyProforma Income and expense statement:Gross rent $9,720 ($460 per month + $350/mo.)Less vacancy 5% -486Net potential rent 9,234Expenses:Taxes 2012 $1,068 (taxes have been appealed.

Most leaks can be fixed with a new shutoff valve or a length of cpvc pipe and a couple sharkbites.