I'm not sure I want to own, but I would be interested in working a deal to rent this property and provide improvements to the home for a share of the profits upon sale.

If everything is finished, what would you add/improve?

While the home and view are spectacular, there are many who wouldn't consider that area because of things like crime rate and diversity of other homes in the area (some are still less than well kept, though that is improving a lot). 

Rents in the $900+ range, $700 range for MF as well as pretty high demand for retail and office spaces.As others have stated as the market continues to improve the cost to acquire these properties is continuing to rise.

SB 1995 would fix these problems by improving the insurance warning and adding enforcement provisions in the form of a tolling provision and a Class A misdemeanor.

I do like the idea of going higher in rent, with an improvement to the home.

I guess it would be like a flip but we didn't improve the property at all...What say ye?

I know the obvious is to improve my financial state, but thats what I am trying to do with this deal!

The local home improvement stores sell replacement blades. 

I would definitely call the city and make sure you can improve the property to the use you want.