Selling an 8 unit to pick up a 43 unit in a worse location

[Stephen Jones]

BP,

I need a little advice. I have an 8 unit property that I would say is in a B class location. I also own an 8 unit on the street behind it (It shares the same backyard). Therefore, in the future, If I ever did want to sell, I could sell all 16 units together. The one particular 8 unit that I am considering selling has also caused me issues, problems, money. 

With that being said, I have an opportunity to buy a 43 unit property that is in a C class area that needs quite a bit of exterior work, but it is a cash flow BEAST. What are your thoughts? I hate breaking up the 16 units, but it is hard to pass up on the cash flow this particular asset brings. Any feedback would be great! Thanks.

[Marshall Leipprandt]

@Stephen Jones Do you have a really good property manager? I'd imagine that the issues you're having with the current 8 unit would only be amplified when swapping up for a 43 unit in a worse location that needs significant work.

I think your idea is the natural progression of a buy and hold cash flowing strategy and seems like it could be a great move, but the right systems have to be in place for this to work like you want.