I looked at an 80 unit in Jackson MS a few years ago 100% vacant Ravaged by clay soils..

Mount Horeb is notorious for rocky soil which can increase the cost of construction.

Different type of contamination. 

Stay healthy everyone!

The only way I would do this is if the play was speculation for appreciation and an exit planned for say two years down the road where I could cash out for a healthy return after all negative cash flow was accounted for.

After a few weeks we were told the orig. buyer was unwilling to sign the required bank addendums and the bank is asking if I am still interested in buying the property.I feel pretty confident in my repair estimate and even with a few surprises I have a healthy enough margin to still make a few bucks.

Plus, since you have relatively no credit, you will need to have a healthy cash reserve.

This house will need a new roof, which i'm estimating at around 10k, and it will need some foundation work (hooray Texas soil), which I'm also estimating around 10k?  

In conclusion, thankfully, my family is healthy, I have my first child on the way, Olivia, and we are strategizing on what to do next, maybe 10x our goals!

Healthy.