Your location is your dilemna, plain and simple.

This was also around the time that he told me he was feeling sick and needed to take COVID precautions. 

I'm a new investor looking for an off-market advantage and am analyzing a lead on a flood plain property (fsbo) ten minutes from my primary residence. 

Because then you can't regularly inspect the exterior for points of water ingress and hit it with your plain-jane lasts-forever GE silicone, and if you have windows with exterior trim that's so far gone paint and silicone won't seal it, then you really should be replacing it with PVC trim anyway.Especially in an elderly place originally built with double-sash windows with counterbalancing weights...these days I wouldn't use an installation company if they paid me.

Economics is still half art and half science at this point.I was just in a similar situation with a condo I owned, basically lost money with maintenance costs but had been appreciating like crazy.Sold it and did a 1031 and it covered most of the 25% down payment on a 4 Plex that should cash flow very well after the renovation.I view this a good on all fronts, just plain business sense and if inflation does happen I have way more exposure for it to be an advantage for me by having 4 units with rents that can go up and a larger asset that can appreciate.

I think it’s more likely sellers are getting sick of buyers offering list or over list to get the property under contract and off the market.

She sick and wants to walk away with at least $15K once everything is over ( wants to sell and move into apartment).  

Put Engineering fabric underneath so no weeds or dirt, mixing with the Pea gravel on top, which we need to finish spreading.With the good always comes the bad.The downstream neighbor filed a "Flood Plain" complaint. 

The property was producing well at around a 9% Cap rate until late 2019 when my manager got sick and the place started going down hill.

Its a PMC for investors by investors please check them out and reach out if you are in search of new or even just plain better managment with better returns.www.reddhousepm.com Thanks for letting me rant!