I asked him to assess the attic so he can see knobs and tubes and he said "I think I know what I'll see there".  

The quicker you turn it, the stronger your cash flow.Personally, I always include a clause in my lease that gives me the right to show the unit with proper notice if I’m planning to sell or re-rent it.That said, I’d still send a handyman now to assess any repairs.

Purchase price: $240,000 Cash invested: $10,000 the rehab is still in progress so stay tuned!!

One determining factor is definitely the rise of foreclosures in the condo market in South Florida, due to the rise in special assessments from the HOA’s who run these buildings, and are poorly run with poor reserves, and therefore owners ending up with special assessments, sometimes huge ones, for usually deferred maintenance.

If the numbers work then you can try but you have minimal control over the HOA costs and any assessments. 

- Showing it while the work is still in progress?

It's a key metric for understanding the balance between supply and demand in a real estate market.What we can see from the data is a gradual but clear progression toward a balanced market (around 5 months supply).

and see the progress you have made and have a discussion about the costs, the problems encountered, etc.? 

Trust led to lax oversight, and on a major project minimal progress was made over six entire months (the original construction timeline).

I'm a Private Money Broker and owner of Investment Capital Solutions, LLC helping other investors accomplish their investment goals by providing assess to funding their deals.