Hello @Ryan Weirick,Iowa law is very specific on this issue.  

I wasn't too impressed with Riviera area anyway, but looked at a home in Holiday shores which seemed nice (not sure if that's basically Riviera area as well just with a different name), then I was told that Ramar st had a lot of crime issues.

One house was listed at $179k, the price dropped and after I produced a $30k issue I was able to get it for $110k.One house they had a current appraisal (I didn't agree with it) at $160k and I offered $91,500.The only other low offer was one they listed at $115k, I offered in the $40ks and have since bumped up to $60k but they sold it elsewhere (sounds like it went for around $70k).You run a risk of looking like what you fear, but what could it possibly hurt to try?

It's a great use of capital if you find the right deal that fits your needs. http://rapwp.oaklandnet.com/issues/exemptions/@Bryan Pham,Congrats on finding a place!

It was a part time thing for them as they run a business as well, almost 6 months of that time they were held up with some planning issues, it takes a little longer to get approved over there and they were denied for the initial planning. so the place sat for a while with no work being done!

With this one, it was previously on the market for 6 months and the listing agreement actually expired because of a pricing issue.

Units are rough and need rehabbing.Offered 200,000, and we are in contract.Biggest inspection issues were mold and foundation, which was affecting the roof, and a hoarder tenant Brought out a structural engineer; foundation and drainage issues $6,500-8,000.

I plan to sell one of my properties once I get my taxes in order, but that's a whole other issue.  

This goes back to dealing with the small space issue, later you'll see it made a difference.

Hello BP,This is a late post but I wanted to gather the intelligence of the community on an issue I'm fighting with consciously.