Of course if you are engaging in a 1031 exchange then you'd like to realize as much capital as possible.From a seller's viewpoint I could see this being a valuable sale.

from your experience if replaces the steel pipes to copper pipes, would that help to increase the property value or is it worth to do so?

Anyhow, I hope to gain valuable knowledge from this community and meet like minded people as yourself.

As you guys may or may not have read, zillow.com acquired postlets.com.

I love the postlets.com model - a self-sustaining website that generates income.

I hate the zillow.com site - a information site that provides ...

As you said, with more experience you will find you time is too valuable to waist, looking at every house.

Though anyone can look at comps in reality our opinions are less valuable then a real appraiser.

Repair/replace damaged wood in the ceiling and sheetrock the kitchen ceiling)*Install new 60” kitchen base, counter and sink*Paint throughout (1,000 sq. ft. house)*Replace 6 windows*Secure rear basement door and basement windows*final interior cleaning/disinfecting*Install new rear entry door and front basement door (Steel entry door in the rear and solid wood door for the basement)*install new locks (keyed-alike)*Install new glass on rear door (a piece of 2x1 glass)*Replace front stair treads (about 40 feet of treads)*Replace bathroom subfloor and “sister” new joists (approx. 50 sq. ft. of subfloor)*Install new tub surround/vanity/faucets*Install insulation under bath/kitchen*Fabricate new handrails for rear stairsLabor price is $3,900 and material price is $3,100 for total price of $7,000.

I have read some posts that your are wasting valuable time that you could be shopping ......

. :-) I acknowledge that not all investor-rehabbers are greedy bastards but are responsible businessmen and women providing a valuable service.

If you want worse case scenario look at Bethlehem, PA or any other former steel town.