Did you tell him of your concerns about how much time hes spending on job and that you need to audit the job in order to be comfortable moving forward, or did you put him on the defensive and cause him to believe that you werent going to meet YOUR obligations.Dont take this as an accusation...

Should I feel comfortable with this or should I run away?

Youll have to weigh tenant comfort against the cost until upgrades are made.

Everyone tells you that the first deal will make you sick despite the fact you have comfort in knowing that the math works.

Big kitchen, family room with gas fireplace, dining room, living room, 5 bathrooms and a study.

I put in a 6x8 three pane in the dining room for $198.

Here in Vegas, we set thermostats to 80 in the Summer, and 67 in the winter.While 80 is quite high, its feel really cool when you come in from 100+ degree heat.We found that temperature to be efficient for keeping prospective buyers comfortable while keeping our utility costs down.

I would be paying cash, and then looking to refinance later.Comps are hard to determine, because the area is very block-to-block, but I think that if the property were fixed up, it would sell for closer to $90-100k.I'm an athletic guy, and I feel comfortable walking around at night but wouldn't want my friends to live there.Layout is one 2 bedroom apt, and two studios.

Sometimes a wall was removed to make a dining room or make one big bedroom out of two small bedrooms.

I know my neighborhoods, i have a good idea of the type and condition of home im looking for and have been window shopping extensively with online mls tools, bank reo sites, and some drive by.Im comfortable with estimating and who/how things will be fixed and upgraded.I know my purchase and reno budget.Ive been researching and studying extensively and have a bit of "carryover" knowledge from other areas.My first sanity check questions for the group have to do with financing and an agent.