The problem I have is my niece wants me to buy her house at a deeply discounted rate in fact she's even willing to take a $30,000 loss to to sell it fast, it's a very nice spacious 4 bedroom home for $130,000 in an area where houses sell for close to $200,000 but it's in Chicago where they have gone crazy as far as property taxes are concerned.

I'm not looking to analyze the deal here but to see if anyone has seen these and what the additional issues might be compared to a normal duplex.

Additionally, in the Cleveland market, it is pretty much expected in 2 units and up that the landlord will pay water/sewer.  

Come invest in Philly on some fix and flips and I'd pick out the properties at discount, manage the project, handle due diligence and would agree to 70/30 split, you getting the bigger slice of the pie (since you're paying for everything) on the first two or three projects. 

He tries to sell the houses to people who are interested in fixing up the houses, so he can possibly sell the note later, without a discount.

Lets say a house flooded, the mortgage company would require the home insurance to repair it but what if they didn't have flood insurance or insurance did not repair to previous status could that property sell at a discount?

., you're talking about an additional, what, 9% return? 

How much of a discount to ARV do foreclosures usually sell for at Colorado Sheriff's sales?

Additionally, this entire transaction will be conducted by licensed attorneys to ensure the utmost legality and ethicality.In an effort to create further transparency with our clients, we also share any inspection reports and repair estimates with sellers, so that they can understand how we arrive at our purchase offer, and to give the sellers the advantage of acquiring reports and estimates that would normally cost them hundreds of dollars to get.

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