My role in this would be to help identify deals, strategy and manage contractors.Thinking about this longer i believe the best strategy may be a combination of 5 flips in the 250 arv range and a couple new construction deals.

Drills down to identify client needs/wants2. honest comm about if they are realistic in this market3. responsive4. well rounded in all aspects of RE, Mortg, ins, RE, Const, title, etc..5.

When you identify a problem tenant or a problem unit, negotiate the contract to get rid of them and/or clean the place up BEFORE you become the owner.

I would first identify the viability of finding additional rentals in this market that fit your criteria for investment. 

@Kevin Drouillard sounds like you've identified a need in the market...which could be a good business idea - start your own management company.

You would need to find a value-add multifamily and on that deal, identify more opportunities to add value than the competition.

I understand why they had to do away with it with there being some locations in the other MLS systems that had the same identifier.

We identified a local bank which is willing to refinance it into our LLC's name.

I’m very comfortable underwriting once a specific property has been identified.

I would identify the exact problem and give a solution.