The better you know your  market the more confident you will be when you are ready to pull the trigger.

If your city has a Concrete Vacuum truck,  then it will pull everything out of the house of that size in four hours.

yup, you do make a relatively simple problem sound complicated.Find out who CAN pull death Cert for title.

I am extremely confident I can pull this off.

I think I can pull having a second HUD exception because I can prove that I have to move due to a job requirement.4.

And someone saved you the vinyl asbestos tile removal/disposal headache but you can see the marks from the pull up....maybe some good bones left and ideally it looks better for the outside, so much interior work to go...Best of luck

 Steven, it has a low ROI because you have full equity in it, i wouldn't sell it. the property cash flows more than an average SFH ( average is about $400, some even get less or more). the ROI will change once you pull the money from it with a HELOC or loan. lets say you pull out 75,000 @ 4% HELOC ( usually they are based on 20 years ) your payments will be about $450 / month, you would still cash flow $200, the property is still yours, you now only have 35,000 equity in the house, your ROI will change based on the drop in equity you have in the house, and maybe the house will still appreciate ( which i never bet on) but know you can buy more property that will cash flow. from what i am guessing there are probably houses that go for 75,000 where you are buying, down payment would be 15,000, you could buy 5 houses with that 75,000 of equity you pulled out. just something to think about.

One particular house is listed for $49,900 and the comps on that street (that I pulled from county PVA site) show similar homes are around $39,500.

The more you know about your market the more confident you will be when you are ready to pull the trigger.

The plan is to get it as a solid first asset to the LLC and use the appraised equity for either a line of credit or pull out the equity to do minor rehab to the property then use the rest to continue acquiring property.