There is a property here in ft lauderlade fl that is about to be offer in a tax deed auction, it is in a good shape. but it has like 300,000 in code violations:1: FBC(2007) 105.1 -- PERMITS2: FBC(2007) 105.4.5 -- PERMITS3: FBC(2007) 109.10 -- INSPECTIONS4: FBC(2007) 1604.1 -- GENERAL DESIGN REQUIREMENTS$123,300.00 NUISANCES SPECIFIED. $182,600.009-280(H)(1) -- FENCES/SITE WALLS IN DISREPAI: $31,100.00This looks vert scary i want to know the line of action.

What has been hinted at is the following:Listed for 3 months ($24k)Seller mentioned being willing to drop to $18K; 'Partner' wants to counter with $10k.Possible Description (Not Confirmed):3 Beds & 2 BathsCarport, 2 Sheds, & 2 DecksSunroom & Fireplace in living roomRented for $334 + Electric(This is low for non-MH properties in the area [~$750], but I'm not sure if it is normal to be that much lower)Motivated SellerI would like to know, if this property is in decent shape, whether or not it would represent an intelligent investment.

They are fairly easy to intimidate into good behavior.

Great 4/2 in an easy to rent area.

But, if the furniture is already there, it's in decent shape and your friend has the ability to arrange it in an appealing way, I see no reason not to take advantage of it.

Obviously cash on cash return is decently easy to calculate but I find the equity return to be harder to calculate.

Since we plan to maintain our jobs for at least another 5 years we knew it was important to buy "easy" properties.

I would bet if you drove to those buildings during the day by yourself, you would not get out of the car.Great cash flow is super easy to find in those areas.

Sometimes they just don't understand much about investors and the easy answer is just to reject what they don't understand and say no to the idea.You also wouldn't be "inactive" if you are buying properties and representing yourself and listing properties that you want to sell.

Figured, since it was so easy for them to get money, maybe it would be easy for us too.