It shows that there's a market for nicer apartments in an area that expands from downtown.  

Once you move further away from downtown, the properties get much larger, and the inexperienced could easily under estimate the repair costs in those.

He been a car sales man for 35+ years so I can get rid of it easily. 

Tim's approach seems very sensible, so we may expand our search area.Are there any rules on this forum about describing specific properties?

I  have the amount of the entire mortgage I plan to take out invested in relatively safe mutual funds which are easily accessed and liquefied if needed.  

A shipping container home if properly anchored easily alleviates the problem (provided proper windows are used) of wind resistance.

However, PVC can break fairly easily so PEX has generally replaced it for supply lines."

It sounds like you can demonstrate that she did have the intent to hold for rental/investment purposes but that the CC&R and/or HOA rules do not permit the rental of the unit, which you can easily prove to an auditor.

He says that this property should be easily sold between 200 to 225K.I asked him that some comps are around 140K and he mentioned that we will do some high end rehab with some modifications(adding extra bed room) which should give an ARV ~225K.

The potential for the I25 corridor to expand connecting Ft.