But if those are your criteria, be patient and keep grinding!

The simple, dream scenario advice is to follow the "BRRRR" strategy which would recapture your $75k in capital at the end of the project.Unfortunately this strategy is much easier said than done, and there aren't as many opportunities that fit the BRRRR model in the current environment.The real estate market is currently shifting though and we are seeing more opportunities surface.My advice is to be patient, and deploy those assets when a great deal presents itself (even if it is a year down the road).

If there were safety violations, you will get the call and be responsibleNever pull the permit in your name, always have it done in contractors name.If your doing it to try and save money, you will save almost nothing and increase your liability and risk significantly.

Key is to know you buy box and be patient.

For safety reasons and insurance purposes, we feel we must act on this and follow through on the termination of the lease as stated, however we are not aware of the eviction process (as we have never gone through it before) and don't know if we would even make any headway on that process before his lease is over.

Having the house sit vacant could also expose you to other risks--for instance, if a plumbing leak begins, there won't be anybody there to spot it and take quick action, and a prolonged leak could cause serious damage. ...on the other hand, there are some advantages to having the house be vacant (less tenant-caused wear and tear, less liability stemming from the tenant's presence)...Some houses have critical safety systems that require power (for instance, sump pumps, hard-wired smoke detectors, security lighting, etc.)

@Sam AbrahamBe patient - there are so many people doing really dumb things right now as the saying goes (I believe by Buffett)When the tide goes out, you find out who is swimming nakedThere are going to be a lot of people swimming naked.

I work with investors like yourself a lot and I tell them all the time that the thing that matters the most is finding a good deal and be patient)Hope it helps and lmk if you need any assistance. 

Best they can do is contact the fire department and see if it is illegal due to a safety issue or look up their local laws. 

It looks to be in pretty good condition, but the plastic safety tab on the washer was broken, and one foot was bent from dragging around.