It's a distressed seller situation, seller started renovating and had to leave country due to sick family member and abandoned theproject.

All of them being flips.Here are some things to watch out for or things I've seen in most distressed Pitman houses:-Knob & Tube is rampant due to the ages of the house, be sure to verify the electrical service and type.

But I only buy distressed properties.

You can put in a low offer on a distressed property to flip because the owner is in a financially distressed situation.So, where do you find deals in an expensive market?

Look for vacant or distressed homes (high grass, boarded  windows ect) .

Flood homes are a different niche than typical distressed homes. 

Hi GuysThis is one of my recent deals/flips in Detroit in the Berg-Lasher subdivisionThis was a distressed purchase,  3 bedroom ranch home.Rehab  includes new roof, flooring, external brick cladding, 4th bed addition, new kitchen with granite counters and modern new bathroomHouse across 4 bed/2 bath sold for $130,000ARV - $115,000 to 130,000$27,000  purchase price$31,000  rehab cost$6900   (6% selling cost)$2000   (closing costs?)

This requires more work, something like a distressed property and adding value.

Competitive edge -Offering cash for good deals.Buying below market value, distressed properties prior to hitting the market.

I came across this distressed property in my town.