One of my wife's uncles was in charge of one of the properties which is zoned for commercial/residential, it is a 1708 Sqf office space/small warehouse on .36 acre lot.Which with some research it can be split into 2 lots.He let the property go to the dump, needs a new metal roof, and gutted, replace plumbing/bathroom, replace electrical etc...Now my wife’s Aunt is in charge of the estate and she was the one who approached me.She said they will "sell" me the property for $30K (estimates from Real estate agent say property is worth $43-$53K in current condition) Which then I could clean the property up and try to resell with the improvements.Now if I did replace the roof make the inside look nice and clean the overgrown landscaping I was told (real estate agent) it could get about $60K, but there are back taxes and liens on the property as well.Plus closing cost for when I sell it, I have run the numbers and it seems that I would MAYBE make $3000-$9000 conservatively.But I am real concerned over the fact that it is used as an office/commercial, and wouldn't this limit buyers?

From what I have heard and it makes sense if you invest in an area that is being cleaned up people will move there for cheap housing, hipster types will build businesses and it will be good as long as you stay in that area and have some plan for keeping crime out.

If this is a summary probate (PC 13150) there are no interim duties or powers granted the petitioner.

I want to provide the community with nice, clean rentals that add value to the community.

@Thomas Hart Getting a real estate website is an powerful tool that allow you to have full control over your brand.

If you ask them to objectively evaluate the condition of the house - say on a scale of 1 to 10 - your start creating doubt in their mind about the value of the house and set the stage for you telling them why you can only offer $X on the property, because there are $20k in repairs that are needed.By asking them where they came up with the number they are using as the value, you set the stage for challenging that belief, without it sounding like you are challenging them.Language is a powerful tool.  

That will fall on you to repair and likely reimburse the power company.  

I also prefer to professionally clean the place before a new tenant.  

Convince yourself that this property has a clean title.Assuming the info is available to the public, I'd want to know what he paid for the property.

I have very simple but extremely "it all depends" kind of questions, but if I provide these following details perhaps the answers can be black and white and not so grey.Ok so I'm a starting investor and my essential goal is to own ten 4-unit buildings (40 units total), and cash flow $10,000 a month, clean income after all expenses.