I think we just needed a suggestion like this to get our foot in the door.

I could tell he was highly motivated or else I never would of stepped foot on that property.

Bingo anyways.The point I want to stress if that many of you were advising me to run and get out of dodge "no deal" I don't believe in running from deals unless there is absolutely no other option.

Rough calculations tell me that this probably isn't a very good deal.If it will cost a builder $80 per square foot (just a number out of thin air, but probably the lowest it would be) to build, and a 2000 sf house will sell for $235K, then the builder is looking at a $160K build cost, another $10K for the tear-down and about $25K for fixed costs (closing costs, commissions, holding costs, etc).

It's currently my target market :) Congrats on already having your foot in the door as far as getting started.

I would have no problem if everyone in the neighborhood wanted to build an 8 foot fence if it was attractive and in keeping with the style of the neighborhood.

If the basement floor is cracked and bowing up or the footings have shifted then you might have to replace it but I think that would be rare but that is just my guess.

Bingo!

The biggest draw for 95 percent of the rentals in this area is they are very neglected by out of state investors and most fell into repos and house middle lower income tenants.these are 1200 sq foot 2 bedroom apartments.

Keep putting one foot in front of the other and keep at it!