I run the risk of having to do some pretty expensive electrical updates (the structure seems to be built to code and no outstanding issues that are obvious) as the house was built in 1978 and the addition doesn't meet current code as far as number of outlets, separate circuits, and arc-fault circuits installed.In the current market I'm thinking I could sell it as is and probably offload it with a $10-$20k reduction in market value.

Outstanding stuff!

And it's a god damned $119K house.

.)- ensure the ARV makes sense for that area - have a damn good mortgage agent (someone who's an investor themselves - there's quite a few out there)

Once they are gone and you have possession back, send them a certified letter with detailed list of all outstanding expenses minus their deposit.

I got a quote from a waterproofing and foundation repair company for damned near 14.5k and it's quite a shock.

And damn you bought an expensive car.

It is possible that you are personally liable for outstanding HOA dues and fees even if you no longer own the unit.

I have 15 pieces, totalling about 2 acres , so, I think it's worth it and fun to go over everything and see what I'll find (beyond all of those damn nails and screws from renovations - lol  )

Those houses won't pass any kind of inspection and damn sure won't appraise, so they are cash deals from the jump.