Then again, the tenancy might be able to be saved with tenant retraining and keen property management.

I believe my best recourse at this point is to see if the seller is willing to complete demo and I’ll add the cost to the purchase price but if I was him I wouldn’t be keen on that.

You will develop a keen sense of value and what’s a smoking deal the more homes you tour and analyze .

I would be keen for recommendations of a better Property management company and or a broker to sell the property for me once remediated. 

Send me a message if you’re keen to see the investing model we built for ourselves.

Hi @Danny Lee, I’d love to hear more about why you are keen to invest in NY, NJ or LI.

First off, let me preface my question with some backstory.I've been keen on the idea of rental properties for some time now and have finally made the plunge.

We are keen to meetup with like minded people here and learn more about opportunities in other markets. 

So far, DC seems to be one of the least forgiving markets for cash-flowing rental properties, and I'm not keen on the idea of speculating for appreciation, so I'm really curious what the hivemind thinks: if you were based in the DC area and had, say, a $100k bankroll, what would you do and/or how would you start?

I'm in the fortunate position where my Mum is very keen to help me get started with investing (and keen to invest some money in a project), and therefore would be willing to help me with a first deposit.