I would be a stickler about making sure they had the correct insurance.  

If those numbers are correct for MTR, I would do that as long as you can until it doesn't make sense or you get tired of running it (if you are doing it on your own) and save up as much as you can as you said you plan to do.

I didn't phase that correctly and should have put an emphasis on "Traditional Sale".I am willing to sell but want to do it "creatively" - if you will - to generate funds and positive cash flow from the note I would hold against the property.

My reply: "but these properties realistically are for rent, so your comps should not be that much off, correct?"

I've seen some posts arguing about design and color scheme choices that are in and out of style in rehabs and flips so I figured I would give my first hand advice.

Found it personally and we negotiated seller concessions and the chimney to have corrections before settlement How did you finance this deal?

Long story, it was through a real estate agent, but the owner determined his price assessment of $150K is correct, and the agent wrong.

Quote from @Cj Powderhorn: You are correct to question the long vacancy.Professional property managers like myself will work hard to fill a vacancy quickly.

These drops are due to lower demand and market corrections.

", shows your inexperience.The cashflow numbers for Class C & D properties only look good on paper because few investors plug the correct assumptions into their ROI calculators.Have seen many newbies use a 5% vacancy factor for Class C & D properties with nothing built into their calculations for tenant-nonperformance or the extra damages low-demographic tenants statistically cause.BTW: we recommend using at least a 20% Vacancy+Tenant-nonperformance number.