Good idea or bad? Don’t know. By my estimate the place could easily use 50-75k to get into the respectable range which will take at least 8-10 weeks FULL TIME powering work. Also the back yard is TINY and the home is on a funky lot but it is in a cul-de-sac. I think the guy can turn a profit even in this crappy market for what he is getting it for. No it will not pencil out as a rental at 100% financing. Not even close.
