Issue closed… Let's do some deals together!

As you said, it's been on the market since December, so there has to be some issue with it.  

Somehow, my cousin is convinced that if something worse were to happen to his parents (they are 90 and 88 yrs old with increasingly challenging health issues), and they would to be cared for in a nursing home, that the state of NJ would step in and claim all the assets to "pay" for their care.  

If you buy post-1978 you likely miss all of those lead-based paint, galvanized plumbing, knob-and-tube wiring, asbestos, etc. issues.

I went through a similar issue here in Philly and had estimates ranging from $4-13K.

Also there are some issues regarding what's an expense vs what has to be capitalized and depreciated.

I'd like to do some renovating in one unit specifically - should we just terminate and get on with it or issue a 12-mo lease with higher rents and give them the option to stay?

I'd like to do some renovating in one unit specifically - should we just terminate and get on with it or issue a 12-mo lease with higher rents and give them the option to stay?

The bigger issue may be the frequency of visits, so unless it is on your way to work or something, you may be driving there alot (in the snow of course)...On hiring it out: It might be ideal is to find someone who already does the neighboring multiplexes (and does it well).

I found a potential property near by for a ridiculously low price that I would like to attempt a flip on but read that the property has some foundation / settling issues.