Despite what many people may lead you to believe, building up a real estate portfolio takes time and discipline--it doesn't just happen overnight and that goes for any market (no matter how inexpensive or expensive it might be). 

@Luis A.You have to speak with the executor of the estate. if they didn't have a will and the heir doesn't want it, assuming the person is the only heir, then the state would have to decide how to handle the assets of the estate.

Make sure the crack doesn't extend all the way up through the chimeny into occupied space.

@Neel Jain, I think you are right on the Cap Rate. 12.31 doesn't sound right.

If your property doesn't meet these requirements that's ok.

Planning should be like that.At the moment, depending on where you operate, inventory for updated homes tends to be in short supply, so it almost doesn't matter when you list.

As long as it doesn't cause you an undue hardship, like your insurance will drop you or raise your rates. 

Put a contract on it with a contingency and if the bank doesn't like it, move on.I like the HomeStyle  Renovation loan for your financing choice.Best of luckStephanie

BUT if he is trying to sell it to you for retail prices, it doesn't sound like a very good deal for you. 

Putting CF aside, at the end of 15 years the value of A will be ~$135k, a ~35% return on the $100k, but B will be worth ~$675k, ~175% return on your $100k.This doesn't even factor in depreciation or mortgage pay down.Let us know if you have more questions.