Throw in the fact that it has all original appliances/equipment and you are right, I think a reasonable offer from my standpoint, since I'm looking to wholesale would be $504K minus the estimated $100K that it would cost for a full rehab since that it would cost about that for a contractor to come in and do a complete overhaul here in NY with this type of house as well.

Fred,Get back to the person who installed your windows - you know your licensed and insured professional contractor?

A solid set of contractors, proven over multiple years.2.

My contractor needs a 1/3 to start the project which I will pay when his guys show up and finish the day.

Also, I had someone else look at the home last night and he stated that the plumbing is not as bad as the contractor from the day before said.

They'll probably hire a bad contractor causing this place even more danger than it could be in now.

When you hire contractors such as electricians or hvac companies, take the people they send aside and ask if they work on the side.

Do you have contractors that won't rip me off, will do a good job and be in and out quickly?

In NY, you will probably have to use an official NY State realtors as-is contract, or something similar.

A closer look allows you:1) To confirm if the house is vacant2) You will start to see some houses with REO letters (bank owned), I avoid, lock boxes (means someone has an interest in the property already) avoid, Tenant eviction notice (has landlords contact info and they will be motivated), foreclosure notices etc.3) You will get a chance to network since you are out of the car- you will meet neighbors, where you can get the story on the house, contractors (mowers, handymen etc. which can give you info on the house as well as several others)4) You get to understand the condition of the property by seeing it up close.Driving your farm are in my opinion is highly recommended at least once a month (a lot happens in a neighborhood in a month), but is still one out of the 10 or more you should regularly doing to find these properties.Personally I feel there is a moral obligation if I am going to put a property under contract that I have the intention of closing it myself if I can not find a buyer.