The property will do very well over the long term.

Not only the cash flow but the long term equity.

Quote from @Cameron Fowler: Hey BP Community,I am wanting to get into flipping and I have the construction experience but am lacking the cash or money to fund a deal.

Theres someone living in the side that I will be occupying until the 1st of February, but since I JUST became the owner, would it make sense to reach out and ask them something like "Hey its __ the new owner, just checking in to see how you're doing.

The problem is the buildings are in major need of repair...and because of this, rents are one of the lowest in town. 

Find the money and find the deals.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Hey @Jacob Anderson, great to see you join the BiggerPockets community!

But, will likely put in the dishwasher next go round.

Hi - I am new on this platform - but am looking to help people accomplish financial freedom through real estate.  Contact me for a conversation.