this is fairly common practice in low income areas Ideally you’d never do this but in some rough neighborhoods where everyone is on assistance it sure can help

@Michael Noto Thanks Michael, yes the neighborhood is definitely average to good.

Nice condition, nice neighborhood.

I would think every neighborhood is different.

In the Results link click on your address where there are various tabs and click on Neighborhood Sales.If you have a hard time with technology, you can always ask friends or family members to help you navigate the web to do some research about property values in your area.If you do find yourself entertaining an offer from an unsolicited investor: Ask to obtain, and keep, a list of the comparable property sales in your neighborhood the investor used to come up with their purchase price offer.Always keep someone else in the loop – your children, good friends, or someone you trust.Always know that you can seek legal advice – in the end, it might be worth the money you spend on a consultation with an attorney.Review the contract closely to see if it is assignable.

The area is seeing a surge in new condo and town home construction so clearly there are investors who have put there money in the neighborhood.

Anything that has room to add value, gets me my own space while continuing to bring in that passive income, and is located in a safe neighborhood will work. 

Other rentals in this neighborhood go in the $2,500-2,750 range, so it should provide positive cash flow of $600+/moHere is my new idea of an offer to her:-$150k sale price-I assume the mortgage of $1,250/mo-10% down payment of $15k so she can buy a new place-I pay her 3% realtor fees at the current listing price $6kish-So, my all in costs would be $61k (reno, downpayment, realtor fees)-Even if I sold the property, I'm showing a profit of $10-15k if her mortgage is in the $160,000 rangeMy question is this: What am I missing, and does this deal seem like a lemon to you? 

Deal 1: 4/2/2 SFR Nice quiet neighborhood, easy rental or owner finance area, low DOMPurchase Price: $115kAs-is: $115kRental ARV: $150kRepairs:$12k....0$ if the current tenants stay which they plan to do and have been there 7 years (I hope to wrap and OF to them)Flip ARV: $160Repairs: $20kRent: $1200 current, $1450 marketTaxes: $4000Seller will carry 25% = down payment on conventional loan.Deal 2: 3/1.5/1 Garden Style Townhome, possible section 8 rentalPurchase Price: $95kAs-is: $95kRental ARV: $110kRepairs:$20kFlip ARV: $130kRepairs: $30kRent: $1495 top of marketTaxes: $3300Seller will carry 25% = down payment on conventional loan.

Can anyone take a quick peek at the map below and identify if any of these properties are in C+ to B neighborhoods?