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YEah, it sounds like a lot of work, but possibly worth a look for any "The Block" fans/wannabees.

Ahhh... sorry, I meant they are asking for $440pw rent.

Probably better in "Caveat Emptor" section, but I'm not selling so I thought this section might be relevant. I'm sure if you're looking for this kind of project you'll have the alerts set up already but if not, this one popped up today and might be a cheap start for a buy, reno hold project...