I am sure you receive many calls from potential buyers in search of that 'Diamond in the Rough', YUP; a Fixer-Upper property. Unfortunately, so many shopping for these types of properties do not have the abilities, skills, and experience in bringing a Fixer-Upper to a marketable condition where a modest profit can be realized.
Not to mention, many of these properties require all cash to purchase and as a result, the inexperienced, sub-funded buyers compete against savvy investors with loads of cash, and quick closing terms.
If you do have a lucky buyer able to purchase one of these properties; please protect yourself and insist on a written waiver of inspections if your buyer insists on self-inspecting the home, or using a 'Good Friend', rather than a licensed Home Inspector.
The pitfalls described below are often only the beginning of the sink hole that can become a life altering Money Pit!
Ironically, a fixer-upper is how I got into the real estate business many decades ago, but I already had the home construction experience that insured that I was not buying a Pig-in-the-Poke!