I have a potential property, the seller is motivated and verified there aren’t any back taxes, and the home is owned by him, no banks involved.

Across the street is the beginning of a condo development, but with the condos priced in the $400s, I don't see many (if any) sales.With that in mind, I'd like to speak with someone about the potential for the lot.

In the immediate future I definitely want to house back a multi family home, in Hudson County (which is a very tough market for any numbers to make sense) but as an agenT with access to MLS , and networking with varIous contractors due to the nature of my job, I think I’m in a good position to find something that has some value - add potential , as to not pay a premium , because I have the knowledge and means to improve it either myself or through people I knoW , so that would be my immediate short term goal.

I was talking to a potential seller about a week ago that owns half of a duplex, but their covenants don’t allow for renting.

All of the various models (and more than are mentioned above) are potentially lucrative.

Estimate is high, try shopping around and potentially invest in better flooring like others mentioned on the post.

Yeah, I’m having a hard time believing you want to cancel because you had some “potential extra risk”, you did agree to let them do some work, as opposed to you think the house is worth more now.  

@Jason DiClementeIt is done professionaly based on home inspection carried out by previous potential buyers that fell thru due to buyers income situation. i dont plan to.apply permit in short span, long term i will have to spend more money if necessary to right things, that is the risk i thinks is woth taking for the deal.Thanks for your suggestion.

@Dan Heuschele I think we are on the same page that even the rough parts of San Diego are mild compared to some of the larger cities, I just don't want people thinking Logan Heights is anything like some of those areas you mentioned.I feel pretty optimistic about the potential in the area, you should check out the San Diego City revitalization plan for Southeast San Diego if you want to see what might be in store for some of these areas. 

I just found out that a rental property I own is within 200 feet of a potential new site for a fast food restaurant.