What's your thoughts on buying a vacant multi family property

[Guy Idan]

Hey.

I'm looking at a deal in Florida that is 100% vacant due to the property having one master lease for all 13 units, and the master lease ended now so it's fully vacant.

I guess the pro is that I can easily renovate and bring new tenants, the con is that there's a mortgage payment of $100k a year that will supposedly come out of my pocket if the property is vacant.

Another option is that I buy it all cash, which isn't ideal for me as it will tie up all my real estate capital and then cash out refinance once it's stabilized.

What would you do in this scenario?

Thanks!