Good breakdown. I bought my first house this past summer. I looked at houses in several of the aforementioned “North Side” neighborhoods. I ran into a lot of houses in that middle ground – needs a new roof, signs of recent water in the basement, floors or carpets wrecked by pets, really old furnace or other appliances, etc. – but it’s priced like it’s completely move-in ready. The traditional (non-flipper) sellers see the going rates and can’t understand why they’ve overpriced by 10-20%. I had bids rejected on a couple homes even though they didn’t sell anytime soon after my bid. If I have to spend $20k+ before I can even move in then I’m going to bid accordingly. Eventually got something that fit me really well.