It is being sold "as is" in fact my husband pulled a pressure test on it (he is a plumber and contractor) and it did not pass so it likely has some broken pipes.

I use the 2 rental properties and refinance them to pull out around 100K of equity to put down for the down payment of my new house.

If I were you and had a really low financial risk (section 8 income) and a property manager or a family member that could act as a property manager I'd pull the trigger.  

Mostly, up till this point, two things have kept me from pulling the trigger on really diving into this.

If the value is there you can actually pull out your initial investment, purchase price plus closing costs with delayed financing right away. 

Hi guys,I am fairly new to RE investing so I still have lots of fears and doubts before I decide to pull the trigger.The following is a property I found in Jacksonville FL that I am researching as a potential deal for a buy and flip.

We use their lists in over 40 markets.In this video I show how to use Listsource.com to pull a list of "absentee owners with high equity"....  

I am just saying that I am confident enough in the building that I found and my skill sets to pull the trigger. 

If you pull cash out and/or you trade down in value, you will pay tax on the amount of cash that you pull out or the amount that you trade down by. 

Have a mortgage broker pull your credit and let you know what kind of loans you can qualify for along with any credit repair needed.