Looks like SA is really a hot market right now.

I know some people (some are good friends of mine that I respect) teach this type of transaction, I personally feel it muddles the water, and is overcomplicated. 

By the looks of your photo, you likely have some water damage behind it anyway so demo would be the only way to fly in my book. 

The only exception is WATER WATER EVERYWHERE!!!!

I live in a very HOT market in Denver.

"...this post-apocalyptic chic space {in the heart of Oakland's hipster mecca Temescal} has a lot of incredible natural light!"
.."Chances are you'll have to overbid. "I like to browse Craigslist for any sweet deals,...

Looking at some of the recent stats in the 19th ward, it looks like there is a pent up demand for multi units.  Perhaps it is just the surge of the spring market, or perhaps its an indicator of values on the rise.  If...

I'd look at Philadelphia (low taxes) and Trenton (higher taxes) for some good opportunities in hot markets.

But it does add up if he has done 8 to 10 of them.IN the day when I used to buy Sherriff sales in Oregon with the 6 month right of redemption if the house was vacant and abaondoned I did the same thing I went in and rehabbed it during the 6 month period so when I got my sherrifs deed I could sell right away.Now In our market with Redemption rights a hot commodity I would only risk it with a 20k rehab and under. something that we could lose and just chuckle about it.

To me that's just not acceptable.In the case of that one offer letter I went to see a property and it was badly damaged by water and had lots of mold.