Run Down Commercial Property

[Jason Henderson]

So I'm fairly new in general REI, and commercial stuff seems a bit daunting. I'm familiar with how wholesaling a residential type property works if it's extremely run down and what not, but what about with commercial?

Reason I ask is while driving for Dollars for residential property, I came across an apartment complex that is in extremely bad shape.  I was able to speak with the property management company and literally two out of maybe 60-80 units are rented in it.   The vast majority of the complex is condemned.  I mean it's bad.   Electric meters pulled, a lot boarded up, signs of squatters in vacant units.  It's extremely rough, but the property management company told me  it somehow has a tenant or two there in units that are still livable.  The actual owner is an out of state company in California.  I have the contact information for both the property management company and the company that owns it.   Before I start making calls with no game plan I figured I'd ask the BP community about it.  I simply don't know where to start with something like this.  It's in a fairly good location (college nearby), but it needs hundreds of thousands in work.