Tough to sell someone on the idea of selling their property below market value when so much money is being thrown around here. 

@John Teachout - Yes, its a composition material.

That's a tough one.

Buying a cash flowing property in this market is tough and persistence is key.

There are materials that will do this, remove the trim and seal the wood on bottom and sides, then re-apply the trim....

Finding good deals has been and always will be tough. 

Problem is, most roofing Mfrs only cover materials in their warranty....In my mind these are minor issues and I wouldn't let them prevent me from purchasing the house....as long as you fix them that is...

@Enis Shehu I really like your outline of the deal and the thought process that goes into it...very thorough material.

I feel like I've read too many stories of out of town investors jumping on what they thought was a good deal only to struggle through a tough rehab or even through bad property management.

Builders often have an escalation clause built in that says something to the effect of “if material costs increase more than 10% during the time of construction, builder can raise the price to cover the difference”.