I'd love to see a few investors come in and reno a block where half of the homes are wrecked. 

The politics are following as those that fled CA are sure they didn’t flee because the laws they passed wrecked it.

I took a total wreck of a property and replaced everything.New sidingNew deckAll new doors exterior/interiorNew water heaternew furnacenew windowsnew sidingnew kitchennew bathroom. new carpetfixed the garageI had the worse house on the block. 

I wish I could just say go for it but over my lifetime I have seen to many train wrecks.

If they have not been in contact with you, they likely will not call you to recover the rent because they know they left the house a wreck.

In the meanwhile I'll start gathering "fixer upper" comps to justify my offer price to the lender.I guess I wasn't thinking about this one as a "distressed sale" because its charming as ever and in much better shape than the wrecked junk foreclosure properties I've been seeing in Buffalo here which normally have 9 foot cracks in the foundations, 8 missing windows, and 3" of standing water in the basements, hahaha.This is a charming historic home with tons of appeal which is why I was initially questioning submitting a low-ball short sale offer on such a pretty property.

It's entertaining in a somewhat depressing way; like watching a good number of these tenants go from train wreck to train wreck with their lives. 

People that dodge paying back their student loans do indeed get kicked right in the DTI where the sun don't shine.I hate to be the wet blanket, but if you can't afford to pay back your student loans and keep them in deferment or forbearance for as long as possible because it would wreck your monthly household budget to make amortized payments, are you really ready to take on another half million dollars in debt!?

A family member death and the house is a wreck?  

(Feel free to send me the appraisal and I'll take a look... but I'm certain that comp #2 is the problem)One way to fix this is to call the appraiser and tell him something like, "Hey, yeah, I saw that house before it was sold... man, that place was a total wreck.