Hey Jimmy, sounds like a solid project with good cash flow potential.

But if it is long-term and to hang on to that property, then it does sound like a BRRR could be a good option.A couple of things I would confirm,1) Make sure that it isn't classified as 'rural' on an appraisal.

I would make all of the improvements that are going to make your job as a rental manager easier (sounds like you have some long term maintenance items to take care of).

That sounds like a great plan.Absolutely, happy to connect any time!

NNN sounds good, but perhaps we should stick with what we know?

Subject to sounds like a good option @Wynn Williams.

@Angelous Ultionem Sounds like they're trying to pull one over on the government...they may get away with it for a little while, but in the end they will "get got"!

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

College does sound like a useful and fun experience that I would like to partake in. 

Then get a GC to give you a tight proposed budget to restore this old beauty back to it's former glory.This sounds like a $200k - $300k remodel at least.