One of the things I do to figure out if a neighborhood is worth a drive through is to look on Google Earth to see if there are pools in backyards.  

When I was up in the attic of one of my houses I saw water dripping below the screws used to hold the satellite dish.  

Details below: Contracted Purchase Price $275,000 Seller agreed to finance 20% down over 5 years and contribute $2k towards closing costs Building needs no works as the current owner has fully remodeled each unit including new roofs All units currently rented, approved for section 8 (if needed), and is current on all licenses/city inspections20 separate parking spaces that can be rented each month for additional income (currently bringing $150 per month)Coin-op laundry on site bringing in approx $175 per monthSee below for property evaluation: Scheduled Gross Income           $92,880.00Less 5% Vacancy Rate              ($4,644.00)Gross Operating Income            $88,236.00Less Operating Expenses Taxes              ($15,179.00)Insurance        ($2,645.00)Water              ($2,400.00)Sewer/Trash   ($6,000.00) Mngmnt (7%)  ($6,176.52)---plan on self managing but need to allow for it Maintenance   ($4,411.80)Total Operating Expense           ($37,022.32)NOI                                             $51,213.68Cap Rate                                    18.6%Our lender does not want to allow us to use the full 20% from the seller.  

Water based primer or paint will cause it to peal off. 

., interior or exterior damaged, pool damaged, fire damage, over grown landscaping covering the entire house, squatters.Once you take control of the problem, rehab and rent, if you purchases correctly you will have a nice amount of equity.  

@James Miller I liked the marketing flyers and called B2R when I was refinancing property into a pool loan.  

Hi all,So we have a tenant that hasn't been paying the water bill.

Age of roof, boiler/furnace, hot water tank etc... will one side be vacant and ready for you or will you have to evict somebody?

Our process is very thorough and includes removing old galvanized plumbing and replacing it with copper and PVC, replacing all new electrical wiring in conduit and breaker panels, all new HVAC including furnaces, condensers and water tanks.

It may have been part of a larger pool, in which case this is just part of the group of uncollectable assets in the pool and you likely have others which are collectable.