Quote from @Celli Mowery: Hi Jamesinteresting message -I know I’ve seen your name often on the Bluegrass Investors GroupI have spent the last 5 years investing in London and while some of the concerns you mentioned did exist when we started I’m finding we haven’t had issues with tradesmen coming from Lexington & Richmond for us in recent years.

However, within three days of moving in, one family member reported experiencing asthma issues and mentioned an unidentified smell.

You mentioned things I haven't thought of. 

After that start working on everything @David Ojo mentioned.

I’m looking for insights on how to put together a deal with the following details:Asking Price: $260KMarket Value: ~ $265KProperty Details: 3 bed / 2 bath / 1,400 sq. ft.Days on Market: ~100Loan Type: VA Loan (Attempting a VA Loan Assumption)Mortgage Balance: $200KThe ChallengeThe seller is behind on mortgage payments, and while I don’t have an exact amount, the agent mentioned it’s over $20K.

I've seen a lot of people mentioning reading books and soaking up knowledge to start.

.: Midsouth Home Buyers BBB - https://www.bbb.org/us/tn/memphis/profile/real-estate-servic...MidSouth Home Buyers is NOT the same as Mid South Turnkey Homes which is run by Kenny Shaw The difference is ABUNDANTLY clear through the thread.You mentioned MidSouth Home Buyers in your original post ....

Thank you,Phil Don’t have any experience with the mentioned mentors, but I do have 45 years experience in commercial real estate investing.Flipping (wholesaling) commercial properties require the same base of knowledge (real estate principles, real estate law and real estate finance) that is a foundational requirement for flipping residential properties; PLUS, extensive knowledge of the commercial property TYPE one is trying to engage with, and extensive knowledge of the local real estate market for the subject property type. 

But you mentioned not needing cash right now. 

that is actually the duplex I mentioned.