Do you mean the yard is overgrown with weeds or is half the property burned and the remaining half contaminated from a meth lab?

I messed around with flipping homes back in NY but got burned in 2008 and kind of lost it all.

Finally, it is noble that you want to help this lady but that's a great way to get burned.

Burning one parties car was the way one of the parties involved decided to handle the situation.Best part about the car fire was one of the parties forgot which car was owned by the tenant.

Since you don't plan on moving for a while you'll essentially be burning money at a 6.25% rate per year until you move into an area you are able to afford to invest in given the Bay area is insane.

It is in Illinois so wood burning stoves would also be included for heat.

Thanks in Advance:  Bob Burns

I will correct a "fat thumb" typo...

If you put a tenant in there and they are rough on the place then you just have to deal with that extra hassle next year before selling again.Yes you may not be walking away with a fat check like all of the success story flippers will, but you will likely at least be at a break even, PLUS all of the experience you got.

At the very least I'd make sure I had a big, fat, enormous reserve fund as it could take a little while for the property to stabilize.