Apartment Complex Sale with issues?

[Bernard Garcia]

Hello,

I found a apartment complex that has a lot of issues, It has 52 units that was damaged during a fire, property has a lot of cosmetics issue, and property management issues.

They do have good cash flow, they are ask $11.8 mil for property. property is located is a good neighborhood. problem is i do not have good credit (575-615) and no money to put down. I looking for help on how to start this process. This will be my first deal attempt. But i believe that the property can be turn around and have a real positive cash flow. Any suggestion?