I would be very surprised if it doesn't.

It was hard staying positive especially when unexpected repairs came up, but we stayed the course.How did you find this deal and how did you negotiate it?

You may be  surprise what they are willing to do if you ask that question and silently await an answer.This may always be a sour memory, but you can at least make the best of what you learn through it. 

That would not surprise that the cost of rehabbing would be higher than 70% of the ARV.  

Can't believe people were living in these conditions... not surprised, tho.

If vacancies or unexpected repairs occur it could get ugly fast.

Ideally the property has already had its foundation repaired and there is no issue but you do not want to get surprised by a huge foundation expense.  

The existing plywood is not swelled, surprisingly.  

If your timing isn't super critical (back burner parts of the project that you can do now, or at the very end, or anywhere in the middle), you'd be surprised what you can find by lurking craigslist.

To my surprise, he prefers month to month agreements over a typically stable 6 month or year lease.