My dilemma has been that I've gotten a little behind on some revolving debt that selling this property now could eliminate in addition to giving me cash on hand to trade into some better value or start a new construction duplex project I've been wanting to start.

-Interest rate of 5% is much lower than market interest rates. 7-8%+-There are no capex reserve considerations included. 5% is a starting point.

Regarding finding discounted deals......That is the reason why I started a wholesaling business. 

Start with a contractor that has a lot of 5 star reviews.You can join some facebook groups and network with investors in your area.

@Ricky R. welcome and congrats on getting started on MF. 

My weekly podcast about investing in Memphis might be a good place to start and begin to familierize yourself.

They are definitely responsible for starting the fire, whether utilities were on or not.If tenant has insurance, they should file a claim.

I currently live in the Bay Area, but I’ve decided to start investing in the Jackson County/MO area.

Hopefully, not an expensive tenant or Fair Housing lawsuit.100% of what @Travis Biziorek states is true, but he left out a key fact - he lived in the Detroit area when he started investing here, so was able to self-manage and meet everyone he had to hire face-to-face.

Back when I first started in 2018 there would be properties under 50K they’d be interested in.