The fix and flip market is just about dead in most areas, but they are making huge amounts of money in the information sales industry.

But with where I'm at, and my current goals (which is to force equity and money as fast as possible),  I see dead equity that I could recycle for a higher return on more value add deals.

Material costs $300 BUT you must have someone dumping the dead and resetting the traps for as long as you own this property.Your contract has arbitration.

Beating a dead horse here but Zoning & Restrictions.

I’m sick of dead beat tenants taking advantage of landlords.

If let's say one of your contingencies was not met then like an inspection that revealed structural damage that you could not come to a new agreement with the seller on, then you would both sign a document to release the earnest money so the deal would be dead and you could get your money back.As far as other costs, there are the normal costs in the transaction like paying an inspector, lender fees and such.

I think those are in areas that are dead and dying, drive up and down the street on google maps, are there a lot of boarded up houses, a lot of vacant lots were houses were bulldozed by the city?

The $240,000 can be invested much more profitably than paying off the house (talk about dead equity!)

@Jay Hinrichs  The deal is already dead.

Everyone in the family wants a piece of grandma's money and grandma isn't dead yet!...