I am considering buy a home to flip.

Quote from @Michael Smythe: @Jerry NoguerasRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Investment Info:Small multi-family (2-4 units) buy & hold investment in Piffard.

You said you've owned the property for 8 years; that's like 2017 which was a prime time to buy.

(The Black Friday sale on the Bigger Pockets bookstore was where I did my own Christmas shopping so my family knew what to ‘buy’ for me!).

You can take out a lot of complexity when you buy property that only needs maye paint & carpet.

Or only buy something for $350K and pay tax ont he $100K difference.

Quote from @Roxanne Whitaker: Please be aware if you buy an investment property and do not live in MD, when you go to sell it you will pay an 8% tax at settlement. 

One thing you don't want to do is to buy based on proforma and have a negative cash flow property, especially on your first deal.

I believe he shouldn't have let you buy this building unless you fully knw what you are getting yourself into.