It is flooded due to massive rains.

It's a massive building with a huge roof surface. $30-40k to replace the roof.

And, if you do only 1 deal (buy a fixer, rehab, and sell retail) you will have earned enough commissions for yourself to cover all of your costs for a year of being a Realtor.

He's asking retail price for his house.

This is an older thread but wanted to bring back. 25-30k in many areas of Gary is RETAIL. 

We originally bought this house when we lived there (thinking it would be a great investment), so of course we paid full retail on it.

I've had a number of probate properties that I've acquired and retailed and I'm not so fearful of that, however people can and do still fall (and skateboarders like my friend Mike Cantu have been known to use as a private skateboard park). 

I have started an LLC and my focus is all forms of real estate investment (flips, wholesaling, rehab and hold and/or rehab and retail).

There is a massive imbalance between the supply and demand of housing in North Dakota because of the oil boom.

If a seller states she is motivated but is asking high retail...she is not motivated so you would not know where to begin your negotiations on price and terms.