Price is important but it makes a huge difference for cash flow if debt service is 4% versus 9%.The question for you is WILL YOU have enough time to deal with the problems of this property and get it cleaned up??

The one thing I would advise as someone who has a RE license and has enough experience to know that people often price things wrong because for greed. the attitude that they dont want to give it away or all it takes is one person is often used.I only did a few deals just to learn the business but I can say I did my deals fast and clean for one reason.

I make my life much easier with my real estate investing.

.- Remember, you're going to need to add a cleaning fee after each stay.- Build in enough cushion for 'operating costs.'

Fixing while vacant is much easier.

Might be easier than adjusting price and having seller do it.

So many want to say no so you'll just go away and make their day easier, but there's always someone out there happy to help you see if the deal will fly if you dig deep enough.

But the question posed was how can we clean it up....I think.Well, follow the lead of the good ones, begin underwriting the deal, asses the real risks involved, employ tatics to reduce or eliminate identified risks, and assess the value truly given and charge fairly for the real risk assumed.

Have an unproven tenant that can damage the property, and deal with vacancy clean up, etc.

It is include debt service and ALL expenses.Probably because it is much easier to get rent number that ALL expenses.