As a follow up to my Let's Beat A Dead Horse thread, let's talk about where your efforts are.I see new people all the time focusing on the wrong stuff. 

We just accidentally put the cart before the horse! 

My best guess in this situation, is that the sale will stall and be dead for some legal reason.I would hope for the sale to stall, as I suspect it will.

For me, I would do the ROI on a rehab, but sometimes it is best not to kick a gift horse in the mouth with on time rent and no headaches.

However, you can INVEST in real estate, private property, gold silver, notes mortgages, llamas, businesses, horses, stocks, bonds, basically anything but life insurance, collectibles, alcohol-The irs does not recommend or authorize any investment and if you look on their scam page it specifically says if anyone tells you the investment is recommended by them it is not true.

Still a few horses and cows around, but they are getting more rare, haha!

The original 3 bedrooms were sectioned into dorms and the bathroom is locker-room style (multiple stalls and showers).

Tell the landlord he or she shouldn't be surprised if they stall the court. 

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

In 2010 I managed to pull myself into enough research that I felt confident to attempt to do my first deal however the gentleman who I partnered with was my interested in investing in my horse business then the house business and we went no where despite my attempts to keep him focused.