Well I have HML experience in Memphis for years and know it fairly well. he was paying 10k a door and its half vacant and boarded.. but he goes on to tell me the old owners did not know what they were doing they were running it like slum lords etc etc... against my advice he buys the thing for 400k and is telling me he is going to put in a B ball hoop new BBQs a play area etc etc. make it really nice.

Mod's you are dropping the ball....That's why I stopped visiting this board a while back, thought I would check in again, but appears nothing has changed.

I don't feel comfortable handing the ball off to a company that does not come recommended. 

Keep in mind these are just ball park figures.

I'm not sure exactly how long I have been a member here...maybe 8 or 10 months...but I'm finally getting the ball rolling, and really looking into acquiring my first property. 

Since I'm low on money but could always use credit cards to get the ball rolling these are my two options unless I find a Investor who is looking at getting some rentals.

The way the company works is that they have you make initial contact with basically a salesman, and he promises you the moon, but then you get handed off to other departments that drop the ball left and right.

The only reason I'm selling is due it being a class D property/neighborhood, and I'm looking to improve my portfolio class, and id rather not fix anymore bullet holes.Buyer did inspections and came back with a laundry list of repairs, trying to justify a low ball reduction to $70k, minus 5% comm.  

I haven't yet pulled the trigger on a commercial property, I'm just spit balling.

I have been reaching out to people on BP to get the ball rolling.