Purchase price: $260,000 Cash invested: $285,000 Short term vacation rental near Lake Tahoe. 3 bed/2 bath condo near the lake and diamond peak ski resort.

Try Black Diamond Real Estate on FB - they will have better and hyper local recommendation for contractors for you. 

Granted, if you have diamond hands and can hold for decades, you'll make a fortune, it's just having to kick 8k each month to hold multiple properties that's the problem. 

The challenge is finding a realtor to work with that understands what you are looking for and is proactive in finding that diamond in the rough for me (you).Although I always like to buy at a discount I am more concerned about how the property cash flows, not to say that i'm not looking for discounted properties but my number one goal is good long term cash flow.There are a number of great episodes on the BP podcast that interview multi-family investors, I recommed checking out the BP podcast if you have not already done so.Cheers,Rob

Most loans are not assumable, this will be a diamond in the rough.

@Miljan Vukovic David Lemley with Diamond real estate Inc.

NHREIA, NewEnglandREIA, MassRealEstate.net, BostonAREIA, and my own Black Diamond. 

If I decide to replace them I was thinking of buying the Lowes white Diamond cabinets .

Add in Dell Diamond, a water park, and better than average shopping, and it becomes that much better.

I had an idea the other day, and I was just trying to touch base to see how other people feel about it, basically it entails, having a friend or partner low ball a property harshly that way when you give your offer (which is still a bit low) it seems like a diamond in the rough, any thoughts?