Terrible purchase.  

If you have a talented PM company in place, there shouldn't be too terribly much interaction with your tenants.

I've bid on a bunch of these as have my clients, and there are many reasons to see them in advance (mold, bad location, terrible general condition of property, bad septic system, etc).

Vacancy of 40% is very high other than that assuming your math is correct it doesn't look like a terrible deal.

My experience with a PM company was terrible and I would never do it again unless my only concern was cash flow.

I'm actually not particularly pessimistic about the future at all, but I sleep a whole lot better having my portfolio ready for some pretty terrible theoretical outcomes.

They made a bunch of updates to the site that have made it terrible.

The user interface for Avail is terrible.

BRRRR isn't the best for a newbie either (at least not a large project) which is why I suggested house hacking FHA won't let you buy anything too terrible and in a worst case scenario you at least have a rental unit and a place to live even if it doesn't offer the best financial return.

Hello, I am a new investor and new to the real estate world. I have a property that I will be getting from my father. This property is a full blown renovation that will include: gutting the the entire inside and strip...