I run the risk of having to do some pretty expensive electrical updates (the structure seems to be built to code and no outstanding issues that are obvious) as the house was built in 1978 and the addition doesn't meet current code as far as number of outlets, separate circuits, and arc-fault circuits installed.In the current market I'm thinking I could sell it as is and probably offload it with a $10-$20k reduction in market value.

I'm a little bit different, I don't use banks, I don't worry about ROI, I usually get built in equity when I buy, I always get $500 or more per door monthly cash flow, and I don't have to worry about Cap Ex or deferred maintenance.

He is proud of what he has built and I know he does stand behind his product..

NOW it's two business days before closing and they are threatening to delay closing to the afternoon unless they get to walk through again, because "the husband was out of town" on the first "final walkthrough."

The parcels are located in Franklin Park and border Olde Town East, so it's a VERY hot location. 

I'd be happy to meet up with you while you are in town and talk about the areas of town and any other questions you might have. 

They are out of town owners.

My plan is to start by doing fix and flip and once I have some equity built up, to invest in larger multi family properties.I have started to ramp up marketing to try and find my first deal. 

This house is beautiful,  however its in a section of town that is all college rentals.

I am investing in a military and college town with many manufacturing plants as well as plethora new business developments.