Check to see if there is a water stain on the attic side of the ceiling before doing any repair work.

He has about $4.7k in property taxes, and he'll borrow money from a friend to pay the oldest tax to keep the property, but would just rather sell by the end of the month.comps are 60k range Avg rent for area is $800 on rent-o-metertaxes at 4.7k (included in price)not sure what to estimate for repairs, but it could use paint, carpet cleaning, new toilet, and new lighting in partial finished basement.Asking $38,000 oboWhat do you think?

Check with your building regs department and see if it is available to build on, some or most or all of it could be limited as green space, water retention, flood plain or other issues as it is built up all around the subject property.If it is available, you said it could be obtained cheaply, how would you know that....is it listed?

Do you know what price range you are targeting for your flips, yet?

Agreed, might suggest you look at doing business in the 50,60,70 range as there are motivated sellers and you might consider options and flipping them, that is no more brain damage than an 8K property and probably less......IMO

Consider that the investor is someone with no previous real estate exp, employed with annual salary range in 200k and with credit scores in 770s.

Landlord will pay for a lot more than hot water (and water, I assume) and trash.

I ONLY do direct mail, but I do to anything on the MLS, within price ranges.

There's lots of great properties that will make great rentals in the Atlanta market in that price range.

If you were going to put 20 units on 2 acres there would have to be another method of dealing with the waste.Also, drilling a well for that much use may trigger some water usage regulation concerning the water table.