Then you pay for clean up, repairs to get ready to find another tenant.When everything is done, repeat all over.Ps - roof life 10-25 years depends on the weather, woods around and materials- furnace 25-30 years- HWT 10 yearsEtcNow factor these money into the price of the house and get it inspected how old is the major parts.

I would buy assuming certain conditions. 

It's a condition of our agreements with them that they stay enrolled with @Paul Ritter & MyCreditTeam.com in their credit enhancement. 

It's a great option for 1st time homebuyers, but remember that it's typical for the condition of the loan to be that you must live in the home as your primary residence for 1 year or more in order to qualify!

This would include the water heater, central air conditioning system, heat pump system, built in applicanes, etc. 

I forgot to say that we tried to buy used mobile homes but after several attempts with the county we gave up, they only want a "doublewide in pristine condition" in the county.

Being a late 80's home, one thing to pay attention to... roofs and HVAC will be at the end of their useful life if noone ever replaced them.

America.but must air seal as it will bring warm air from conditioned spaces to basement. dehumidifier produces heat as by product, and takes more electric to operate. if go with dehumidifiers get large comm heavy ones with humidistat and direct drain. no one will walk away with it. 300lbsdont just open window unless dry air cat 1 wind blowing straight in.it wont remove moisture only feed it. i use activtek  air scrubbers secured to a bracket holding plate. it kills protects 2000-10k sqft of mold bacteria, and reduces moisture as its byproduct of technology esp basements.

I think it is not a bad idea Steven as long as you make sure you know the condition of the property, but that is with any property. 

I trust his insight on the rent but have questions if the condition of the condo will cause an increase in the price.