An offer of $355k (or even $340k) on a $370k listing that has been sitting on the market for four months is not unreasonable on the surface. 

When I say uninhabitable, I mean stripped of all copper plumbing and wire, vandalized, holes in the roof, flooded basements, every surface of the house covered in mold, failed foundations caved in with the basement full of dirt, man-sized holes in the floor and some that were absolute tear-downs.#3. 

I recently retracted from contract with a property that was found to have major drainage issues that the POS inspector found, which was causing backyard flooding and basement leakage.This will be my first property there, I'm eager to get a home closed!

Please let me know how you guys are dealing with thisHi Rakesh.I see this same topic surface occasionally here on BP.Nope, 1% is not dead.

May be harsh at surface level, but its a business not a charity. 3) I only rent to soldiers at Ft.

If you think about it, these are excellent set ups for multi-family buildings, limiting the surface area, and therefore the maintenance, needed on your structure. 

Remember, this is very basic...and these can get quite complex and detailed depending on the scope.These were;Demo/ cleanoutPrep & drywallPrime and paint all walls, ceiling trimPrime and paint cabinets- add new hardwareInstall new counter tops, sink, and faucetInstall LVP flooring in bath and kitchenCarpet squares in living and bedroomsReplace all light fixturesReplace all plumbing fixtures (sometimes toilet and sink/vanity)Add medicine cabinetRefinish shower/tubAdd wainscot and top railAdd new door hardware throughoutInstall new appliances...If you are planning for exterior work like replacing a roof, masonry work, adding siding or windows and doors your budget will double...if you are replacing mechanical systems like furnace or a/c or water heaters...your numbers will change drastically …Most of this stuff can either be estimated per unit or sq.ft. and you can get 80% accurate and build in contingency...What is the type of property, the sq.ft. and is there exterior and interior work...what about the structure...is it good...drainage good? 

I've had them before, that's why I'm doing STRs now :-)There is ALWAYS more to it than what is on the the surface.

A majority of the public is quick to call a bubble just because on the surface they are seeing very high housing prices and slippery lending.

There are so many great areas and high priced areas amongst some of the trouble areas but if folks only looked on the surface based on statistics some of these best parts would be missed.