I have never negotiated build out before and I understand that I was going to need to add some walls and outlets anyway.

In a bad area your going to need it.  

Lots of upside to to setting a new tone as the new owner.

@Alberto RamirezThis is were you are going to need to work with an agent to assist you with filling out contracts.

You can buy a house for $25K - $40K in places like Irvington, but they are going to need extensive rehab.One strategy we employ is flipping small multi-families in good rental towns to owner-occupants.  

Thank you biggerpockets community for the instruction and support that has allowed us to be in the position to need to ask these questions.

If you find that a lot of these things haven't been updated in a long time from the inspection, you can use that as another bargaining chip to get the seller to reduce the amount since you're going to need to update them at some point in time.

Everyone says wholesaling is an inexpensive way to break into REI and it can be but to get any type of meaningful real flow you are going to need to spend $$$. 

Performance and network which takes time.Until then you're going to need to use your personal credit and guarantee to get some money from the small banks.

Hi Sherief,You can find houses for $50K in Allentown, but they're going to need work.