I'll update numbers once I walk it with contractor to confirm. 

Ask your agent to do a video walk through. 

At the end of the day we ended up walking away from the closing table with just over $100,000.

They'll help you structure the loan, explain the fees and walk you through the process. 

Thank you Jacob...offered 150K and walked.....had old hot tub with rotten deck, too.

We walked away with $48k in profit Lessons learned?

My husband and I went out for a walk in our neighborhood this weekend (weather was nice) and we came across a home that would make an awesome Subject to.

(I will ask that, out of respect for our current tenants’ security and privacy, to please wait until your showing appointment before walking the property.)If everything above is agreeable to you, let me know your availability and I'd be happy to take you through the apartment.Thank you, and I look forward to meeting you at the showing!

I suspect if you walk into a bank and tell them you will put 50% down and cover the remodel cost you will have no issue getting the loan.

@Jeff Dinehart so you have done some inspection and it sounds like you know what you are looking at........you still need to look at the roof and foundation and walk every unit.