Why are they so cheap????)

This doesn't come cheap--these folks were making high six to seven figures depending on volume.We focused on lending to professional real estate investors--so our customers were frequent repeat borrowers. 

Cheap properties look good on paper but rarely perform as well as more expensive properties.

On the other hand I don’t want to be cheap and losing money in the long run bc I’m not properly fixing things.

There is a remedy for that but it is not cheap. 

I guess be happy it’s only a couple months and a cheap lesson learned?

The saving grace is that it was purchased cheap a long time ago and will still either cash flow or yield equity even after repair costs

The one thing I will say is that in reading a lot and watching a lot of podcasts the one thing a lot of the more prominent investors who have 500 plus units say is that the one thing they regret is the deals they flipped early for cheap profit or the deals that they sold and did not keep.

Slip and falls are a leading liability concern a property owner should be aware of and snow removal is not something to cheap out on. 

They are not cheap.