Dear Readers (and backseat drivers): I found the first house I want to rehab. Would you let me do it? It's a single-family house in Newark, which is the kind of property I want to specialize in; and it needs a facelift, which I think provides a lot of bang for the buck. On the other hand, it's in a neighborhood that's improving, but frankly, still marginal. Readers who want to play along can go to www.gsmls.com; it's #2083653. There are 250 properties listed on the MLS in Newark, but this was my favorite because (apologies to the owner and listing agent) it's so ugly. You can see it's situated on a corner, and I think it looks like it has two fronts. My idea would be to give it some exterior cosmetic love to create one more dominant façade – which I think would give you a more...
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