The HVAC is still alive but might break down soon enough (a year or few).So if I add up the repairs and hvac costs to the purchase price, I will reach the fair market value of well conditioned condos in the area.I understand in this case it is not a good investment as I'd rather put the money straight into a well conditioned condo instead of the repairs effort.

My thought process was to buy/build commercial space to move my primary business into, while leasing out the rest </=49%, in an effort to decrease/maintain my current rent level ($550/mo) while building equity in property I own.

Keep your money find a real lender it's an awesome waste of time and effort.

If I could find a temp instructor or graduate student, they may want to come in even earlier than that.So, my question is -- Should I begin my marketing efforts here soon and just explain that I won't be actually signing the lease until July 23rd when my daughter's financing is formally approved?

Saving 10% on a $100K house is worth the effort and risk.

I recently bought one for 5K, no work needed.Class C properties under 35K.Class B properties 50K-70KI can buy class B properties for well under 50K all day long. 10-20K repairs and upgrades, then sell for 70-95K.These numbers can be beaten with a little effort.

Remember, the rehabber is making an investment as well -- his time and effort.

But on times that the market is good, my efforts pay off and I get more than enough luck...it's all worth it.

If you do nothing but tire kicking, please pay me $1k today and I'll be happy to assist in your inaction efforts and send you to all sorts of learning resources.Good luck!

I kinda like the fact that I am rewarded with a good deal for all of my efforts of finding it.