You definitely don't want a situation where someone gets hurt by traps or poison that you place.If it is more related to the tenants being pigs than a hole on the outside then it may require some education on how to keep things clean and charging them for pest control if local law allows it etc.

Additionally we have gotten ourselves in a bit of debt and could use the profits from the sale of the house to clean up our current finances (about 15k in credit card bills). 

I know there are different ways/methods about doing so.

My plan is to use the BRRR method and I will be looking to fund the deal with cash at about 40k (is this realistic?) 

This is a multi-part question.Question:If you could start over with a clean slate, with all your current knowledge from all your wins and losses in real estate investing: A.

This is a multi-part question.Question:If you could start over with a clean slate, with all your current knowledge from all your wins and losses in real estate investing: A.

This property would sort of offer them a little gem of a find, inexpensive and close to campus.... that is if I could get it cleaned up.

Hi All,In my search for deals and I have come across a REO property that I think works for the BRRRR method. 

huge on property investments for rentals/rehabs and all. it's still a lot of good things going on. they're cleaning up big time even in the distressed areas the dusty big bad wolf houses are being blown down, so in another 2/5 years a lot of properties values are going to go up, and a lot of people are coming back with that tax abatement, paying no taxes on the homes for 15 years is motivation.

While appraisers shouldn’t take too much into account about how clean and pleasant the tenant is, as noted above, everyone is human and such impressions can make a difference.