Yes it brings in cash right up front, but after that cash is depleted, there is no money for future upgrades.

Read on about that.We close escrow and the next day I am in there doing clean up and a rehab. 

We immediately made improvements such as adding fencing to tenants' "yard" areas, and replacing the ancient washer and dryer in the laundry and doing some general clean up and maintenance.

I'm waiting on photos of the inside which will probably make or break this deal but he claims it just needs some paint and clean up after his tenants moved out (he is planning on doing that this week).  

I have attached a picture of the snapshot he provided me.The property I'm looking into buying is a tax foreclosure being auctioned by the county and has a lot of cleanup involved.

Good luck,  hopefully the title is clean and it's slipped below everyone else's radar and you'll be able to clean up.

._____ Tenant attests this specific service/assistance animal provides necessary service/assistance specific to Tenant’s disability.Name of animal: ______________________________________________________________________Description of animal: ___________________________________________________________________________________________________________________________________ (type, breed, color, age)Veterinarian: _________________________________________________________________________Emergency Caretaker: __________________________________________________________________Tenant agrees to:1.Provide proper care for the animal in accordance with veterinary recommendations or ASPCA (American Society for the Prevention of Cruelty to Animals) guidelines.See www.aspca.org.2.Not leave the animal unattended for any unreasonable periods of time.3.Adhere to local ordinances, including leash, vaccination, and tag/licensing, requirements.4.Clean up after the animal and dispose of animal waste properly and quickly.5.Not leave animal food or water outside the dwelling, as it could attract other animals.6.Keep the animal from being noisy, aggressive, or from causing any annoyance or discomfort to others.7.Immediately remedy any complaints that arise from animal behavior.8.Immediately pay for any damage, loss, or expense caused to others by the animal.9.Provide animal with regular health care, to include inoculations as recommended by a veterinarian.10.Spay or neuter the animal when it becomes of age to do so.11.Arrange for an emergency caretaker for the animal.12.Maintain adequate insurance to cover claims resulting from damages or injury caused by the animal.Tenant agrees to indemnify, hold harmless and defend Landlord against all liability, judgments, expenses (including attorney fees), or claims by third parties for any injury to any person or damage to property caused by Tenant’s animal.Landlord reserves the right to revoke permission to keep the animal should Tenant break this agreement or provide false or misleading information.Landlord ___________________________________________________Date __________Tenant______________________________________________________Date __________ -----------------

My current cleanup bill is over $4000.  

Clean-up ?

In my experience, most of the "wholesalers" I run across send a few postcards, hang some plastic trash on telephone poles that neighbors have to clean up eventually, and offer way too much money on a property then call you up and say they've got a "deal" for you.