It has 3 bedrooms on the first floor, 3 bedrooms on the second floor and an in law suite on the third floor with its own bathroom and kitchen. at 270k it seems like a good enough deal.

Who didn't you babysit good enough?

If it's in a good enough area to do that, then likely the updates won't drag the rent up much because it's already renting for market or close. 

But if you're looking for a cashflow heavy property then you'd need to decide what kind of cash on cash return you're comfortable with and how much cashflow each month is good enough for you to accommodate any potential shifts in the market. 

Not good enough discount for fix and flip or landlord - wholetailSo, the value to flippers or wholesalers for a buyer like you is to capitalize on more leads that come through, by wholesaling to you at a price that works for you but might not work for them, they still help the seller and make some money in the process.

Bur I feel the Cash on Cash return is good enough to make up for it.

Your deal has to be good enough and you should be able to get the money needed.P.S. if you have not used the BP calculators they are a great resource when underwriting deals.

The profits are good enough to make us want to buy more!

However, if the cash flow is good enough, I am not opposed to buy and hold.  

They billed me for three different small repairs each well under $100 then said that the property wasn’t in good enough shape for them to represent.... but they placed tenants and the condition is pretty good.