I have been lucky enough to be a limited partner in a 250+ multifamily in Houston for 5 years now which has produced outstanding returns so I felt why not get involved more directly.

Divide it by 12 then that's a monthly income of $610.Cash Flow: $610 (income) - $466 (expenses) = $144Cash on Cash would be: $1,728 / $29,922  = 5.70% It's not outstanding but at least, it's not negative.Another option is just to sell it and start over (now at least, am better equipped with this experience and not make the same mistake).Any other advice for me?

Charleston has an outstanding investor community.

So I won a certificate in 2018 that had no outstanding liens. 

Whether the outstanding loan balance would be a distribution or a rollover could be a significant factor in how you choose to proceed.

We also made sure there were no outstanding liens on the property. 

Bank will give you 70-75% value of home minus outstanding loans.

The only reason that its not way more $ considering how close it is is that there is a highway that divides it AND the schools are horrible, like active gang activity in the highschool bad, but if you don't have kids and even if you're planning on them a few years out, the schools there will get better, its just going to take a bit. 

They wont allow an assignable contract, its their way or the highway. 

The outstanding units he still owns include 2 triplexes, 3 duplexes, and 2 single family homes.