The other offer would be significantly less (in the realm of a reduction of $30,000) in which I simply say that I will buy the home and take responsibility for the mold. .Renovations.The home is actually in fairly decent shape considering its age, but will certainly  require the following immediately: New Windows: ($15,000) Scraping and Painting Inside/Out: ($15,000) A new boiler or electric heat conversion: ($6,000-$9,000)Minor Kitchen and Bathroom Updating: ($10,000)Several Doors and General Carpentry work: ($10,000)This roughly brings Immediate Renovation Costs to $60,000 (to my best knowledge)Other work which can be sidelined but will need to be done within 3 years: New Roof: ($25,000) Tree and Shrub Removal: ($5,000)I'd like to bundle a renovation loan into my mortgage via FHA's 203(k) program.

The seals on the windows were all shot (20+ windows) and it was an overlooked cost, which ended up accounting for an additional $4,100 in addition to other miscellaneous contingencies such as the garage door repair and appliances, which we simply forgot to include.

Some month's later, he left his windows open and caused over $6,000 in damage, floor boards all buckled.

Windows replaced after residing for one year What made you interested in investing in this type of deal?

I took a look at the property from the outside, looking through the windows.

Still needs to have a smoke detector, an egress window and carbon monoxide detector if you had gas appliances.Good Luck.

A recent tenant is threatening to sue me over only $400 of the deposit that I didn't return (water damage to hardwood floors from windows being left open), I generously covered 2/3rd of the cost of the repair and only subtracted $400 from deposit.

This particular property had been updated with new steel siding, windows, facia/soffit/gutters/downspouts, doors, and a couple units.

I would pay attention to the top of the windows.

Furthermore, these houses are all made out of ship lap, which means they have zero insulation and single pane windows and the ones I am seeing do not have any type of central air conditioning.