I was hoping to hear feedback for whether this was a flawed strategy and maybe educate me on areas where I was ignorant.  

And when you start looking and low-dollar properties you can have small dollar amounts making a big shift in cash-on-cash returns.Just for easy math (ignore impracticalities): $70K purchase price means $17,500 down.So you need $1,750 in cash-flow to make your 10% goal.If you get $1,500 it's an 8.5% cash-on-cash return.

This may sound like an ignorant question but - how does anyone make any money in development?  

Their problems were pretty much ignored by the previous PM.

The 1M has a value that can not be ignored.

So those who are investing in Real Estate and only looking at cash flow while ignoring principal pay down are in my opinion missing the boat.

@Khushi Bahut   - Forgive my ignorance, but what is 8959? 

What do you want to do with irrational and ignorant employees/supervisors who know their product less than us hosts?

Ignorance on our part. 

I find that my instinct is to ignore posts/books/podcasts about flipping or wholesaling since I do not want to do either of those things, yet when I do listen to these topics I find that it better arms me for my niche or interests and ends up being very enriching.