You will discover that it is deep into negative cash flow. $400K  @ 4.5% 30 yr is $2016/month debt repayment cost. $2500 - $2016 - $1200 (expenses) = ($816).

I am new here looking to get started in the Wholesale scene of Tampa, FL (in hopes of relieving some of my student loan debt).

Speculative buying requires deep pockets. 

Deep gouges or broken/rotted needs replaced.

The walls are brick and it tapers out to maybe 8 feet wide, and its 8 or 10 feet deep but who knows because of the water.There are 3 or 4 rusty pipes going in and out, mostly towards the house. 

I would still consider myself naive though so there’s no doubt I eill be neck deep in books, articles, forums, and everything I can get my hands on.

If you have deep pockets, you could remodel the main house plus this house, and have three rental units. 

I would only look into a place that is hooked up to city sewer and water. the one I had in Oregon the drainfield expired IE came to the end of its natural life and I had to not only replace but have a 100% failure area which I had to then finagle with a neighbor had I not been able to do that I would have had to close the park.. 250k is what that cost..Now in the mid west and deep south were these parks are dime a dozen its not that critical like west coast we have some pretty strict DEQ type regs out this way.. but regardless that was a one and done for me personally.

So it was "relatively" easy for me to invest from afar.I will definitely take a deep dive into your website over the weekend.I look forward to chatting w you some more.Tim

Mentioning an unallowed 1031 and going deep tends to confuse.