@Mindy JensenLoose/ falling off top runs look like they were poorly installed, likely not enough expansion room left combined with nailed too tight in a few spots.

@Jases Brown it is good in theory that you don't have to pay the costs for improving to the point of getting market rate but what is missing is that they'll probably hack the crap out of whatever work they do themselves, costing more to fix in the future.

The fact that it has been vacant for 5 years combined with the fact that I'm pretty inexperienced make me shy away from it though.  

Unless you buy crap and improve it.

My regret: Last thing I wanted to do was be what everyone says they dislike about wholesalers - pitching crap with inflated, inaccurate numbers.

This is usually temporary, as savvy investors will notice this and purchase the cheaper homes and rent them out for the higher price, which may drive up home prices, drive down rent, or some combination.

Her details:Original purchase $190KUpgrades (to finish 2nd floor/ windows flooring etc) $22kApprox Value $300kHer Mortgage balance $110kWe have been looking into options of combining equity, initially to build but not sure if the scenario above is possible.

You do that in a combination of ways:1) Read....read, read, read, read, read. 

I am also looking to possibly work with a mentor as I believe that could be very beneficial.Understanding that there are many strategies to build wealth, I am very open to different strategies and/or combining strategies.

I made that mistake when I did a rehab, combined everything into one large asset into the cost basis of the building.