In my market it's not impossible to buy a cash flowing asset for around 12k Down.

In my experience, collecting a judgment against a tenant in CA is nary impossible.

Worst kind of quadplex to buy, but hey, the market's impossibly tough right now.Did you see good-sized Z-cracks in the cinder blocks?

Contractors are difficult to find, good ones are almost impossible and I feel like in PGH it's even worse...The only thing I can help with maybe is to ask if this is a flip or somewhere that needs to be in a nicer finish.

The argument is just that the general fact of being likely to pay above sticker price should not automatically disqualify investment.The second point is that lots of things that seem impossible are not so if you get creative.

I also called my own contractors, because I was just going to fix it myself, but they said because it was an HOA situation they would have to get special approval or something, which is nearly impossible. 

When that many people are displaced, it can become impossible to find temporary housing.

Then, it is impossible to get the rents increased to the market price when Los Angeles has a rental increase cap of something like 3%.

What is impossible?

A trust will be impossible to go after, so if she damages the property or stays past the year without paying, you are stuck suing her.