Your assessment sounds very fair.

Totally agree with your "isn't horrible" assessment. :-) The point of this property is to learn the business, while not losing money.

what are the taxes (and based on what assessment)?

Realistic assessments of the need for "on-going" levels of both Management and " Bricks and Mortar" support over the term of the "Hold",.Your Comfort Levels for" Exposure"as well as " Direct Invovement " all have to be factored in.

The sagging roof which, if the inspector's assessment is correct, could be fixed with a couple of 2x4 supports is so minor as to be a non-issue.

Sooner or later someone will move out and you will need to repaint, someday you will need the furnace worked on, or a new roof, or you get a special tax assessment for something.

I have a contract for my third property, this is lower end than I am use to. It's in zip code 46224. Indianapolis. Not the greatest area, but not a war zone, seemed like a quiet neighborhood with multiple types of ...

If your house is assessed anywhere near purchase price, $1500 is a steal in Texas.

Your numbers.If you're going to be attempting long distance wholesaling, you need boots on the ground that can go have a look and give you an accurate assessment of the condition and an estimate of the repair costs.

The second lot i purchased at 3k, the assessed value with the county is 12k.