It is currently barely cash flowing, but the rents with the current tenants that came with the property are so below the market value.

Here is a search for all SFHs excluding pending/contingent up to $1Mhttps://www.realtor.com/reales...A whole 13 of them, plus 4 condos barely within their budget.

They can barely make what is required to rent the place let alone furnish and outfit it properly to succeed.

Most sellers claiming or their brokers claiming that they’re highly motivated are either barely motivated or not motivated at all.

Inspections around here just simply ensure bare minimum safety of the unit.

@Lance MetsgerI house hacked two properties in Reno NV and was able to barely break even in 2019 and 2020 with record low interest rates. 

You may think you’re facing a worst case scenario, but this sounds like barely a 3 on a scale of 1-10. 

It is a grouted tile standing shower.I bought it as is but the sellers did a sloppy job on the standing shower They didnot put hardy backer boards in the standing shower instead used regular sheet rock and tiled over it.To add to that they only used plastic liners to the bare minimum ,just on the flooring.Water seaped through the grout,damaged the studs .Now i have to redo the full standing hower..I hate it when people tey to cut corners just to save couple of pennies and cause a 10k repair to the buyer.

I'm taking the first step.I'm just barely scratching the surface of wholesaling..

Most rental property is only kept up to bare minimum standards - lots of Section 8 here.