I’m looking for off-market properties myself and was told to “die in a fire” last week for sending someone a fairly innocuous post card.

Some would say it's working IN my business, but as far as I'm concerned, I am learning a LOT of lessons about the structural components of real estate, how the work is done, what material prices and labor costs to expect for various components, the scope of work that I hadn't accounted for, small details that are useful to know when looking at the next property, managing contractors and subs, taking ownership of shortcomings and finding creative solutions to tackle problems, and equally important; Having an absolute blast while I'm at it, fueling this passion! 

Trade up and tackle your goals!

This was the biggest property we had tackled, and there was a lot of efficiency in having the building mostly vacant when we acquired it.

If owner lets it go for dirt cheap I may tackle but will need to get a GC advice as there will need to be a lot restructuring!  

If you could slowly increase value on the $150K homes (probably more likely than the 300K home) than this would act more like a nice multi-family.You are probably young and energetic enough to tackle whatever comes your way, so go with your gut and have fun!

Instead of reacting out of fear, I’ve decided to close this business & take the slim amount of capital I had left to tackle & sales skills to new real estate projects.

If there are repairs to be made that you're not comfortable tackling then I would hire someone else or find a friend/family member to help you out.

"When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact."

But building to sell while tackling all three isn't a bad place to start.