It isn't electrical work based on what you are stating.  

This was the situation the first property we bought was in- I assume these guys were buying for appreciation, or maybe borrowed against the house to fund another investment house, then the bottom dropped out of the market...

I'm also a local CT based investor. 

Based on the popularity of the post, I thought it might be worth posting an update, especially because the outcome is quite ironic!

It only worth what it appraises for based on comps for 4 units and less.

Often I find folks are running their numbers based on bad data. 

Based on conversations with the agent, a virtual tour, and my own knowledge of the area, I live close by, I determined that APV.

I would love to get a better understanding of what duplexes in this area actually sell for, and not just running my numbers based off of initial listing prices from owners.

A DSCR loan is a long-term loan with rent-ready conditions and uses the rental income to cover the expenses, including the loan payments.Both are asset-based loans, but only one is a DSCR loan (the rental loan).

In the wholesaling world, making a real difference by listening and acting based on those needs — even when it means passing on a deal — is what will make you stand out.