Too scary for people looking to move in & not enough meat on the bone for investors to flip. 

We have always looked for homes with good bones but in need of a little (or a lot) of love. 

As I am interested in keeping long term established good paying tenants even if I leave a little meat on the bone...

We subdivided the lot and now after the renters moved out, I am updating the bone.

If not, why wouldn’t 200 put enough neat on the bone for you?

@Bryan Lyde there is no meat left on the bone here because it’s a developer’s feeding frenzy.

Good bones but hasn't been updated on the inside since the 70's or 80's.

It was a highly distressed property, but it had good bones and hell of a potential to be great.

Be sure to run your numbers forwards, backwards and sideways and account for things such as higher property taxes for non-owner occupied properties, try to know as much as you can about future plans for the area to know what is coming down the pipe, look for a house with great 'bones' such as roof, siding, foundation, mechanicals and plumbing to avoid some of the major fixes off the bat and don't neglect starting with a cash reserve in case something goes wrong soon after acquiring the property. 

It seemed the bones of the home were good and the challenges we would face in remodeling would be achievable.