If so, you can't really pivot to short-term rentals there and have to capitalize on the inn vibe and in-house services.My major question is why is the current owner, who bought it after it sat vacant for twenty years, looking to sell you the problem they can't fix?

We need to ensure that residents are not negatively impacted when selling properties.

A buddy has a 5 unit building he needs to sell at 475k.

People selling dreams really, not so much anything usable. 

You can also sell the property to a landlord.  

I suggest you wait until late winter to sell.

Good Evening @Abel Curiel, I'll for sure dig a bit deeper into Suffolk and Westchester in my mind I did not want to wait that long to save up $50k, but maybe it is the smarter/safer move to be patient so I can have a strong basis for my portfolio.

Flexibility in lease terms can be a big selling point.Hope this gives you a solid starting point!

You could sell those three properties and 1031 into a larger apartment building in the Midwest in much better shape and with management most likely without the same number trouble you are facing.

One time, I sent a letter to an heir in Austin, and thier family ended up selling me a property they couldn’t maintain.