With the competition growing tighter for "quality distressed homes", I am looking to help her identify other options within the space to diversify her income stream and expand her investment strategy in the real estate market.To date she has accomplished her goals as a cash buyer with no debt to speak of and now wants to accelerate methodically into a more aggressive growth curve.We look forward to the insights, lessons and information that may be gleaned from bigger pockets. 

Two things:Actual owners are not always easily located and identified.

After weeks of house showings and screening, I've identified and offered the property to a qualified candidate who's passionate to move in.This weekend I will be doing my first lease signing and I'm seeking advice.

After weeks of house showings and screening, I've identified and offered the property to a qualified candidate who's passionate to move in.This weekend I will be doing my first lease signing and I'm seeking advice.

After weeks of house showings and screening, I've identified and offered the property to a qualified candidate who's passionate to move in.This weekend I will be doing my first lease signing and I'm seeking advice.

I am currently reading "10X Rule" by Grant Cardone among some other great ones ("The advanced Guide to RE Investing" by Ken McElroy, and "Marketopoly" bty Mark Mackenzie both great books which over amazing insights on identifying market trends and cycles, allowing investors to maximize ROI by staying ahead of the Game..) but the 10x Rule has stood out because of the principles it teaches in TAKING CONTROL of our success by treating success and the massive action that it requires as a personal "duty, obligation and responsibility"....not only today or tomorrow, but continuously throughout our lives.  

But as you correctly identify it's not the type of property - that's fine.  

As you identified, the costs depend largely on your plumbing system in place, ie how much of your existing house do they have to rip up and put back together to run the electrical, plumbing, and venting.

Turns out the property is currently in foreclosure and has already been identified to go to auction 03Nov16.

I think carefully identifying those neighborhoods that have been hit less than others during past recessions is something to look into.