Downside is, you will both lose your ability to do this in the future on your own.

Unfortunately, losing money can definitely happen in RE when there are major things that change and you have to sell. 

So I’m honestly not sure about goin in on a property only to lose money.

Currently it is not cash flowing, and after mortgage/taxes/insurance/maintenance, it is probably losing ~$1,300 per month (eww).

I called it “hell house” and it took me 7 yrs to finally get rid of it after losing lots of money and time, but I did learn by my mistakes.

It would have been another to lose your potential buyer because the neighbors didn’t want them in the community.

I'm witnessing my neighbor go through hell and paying for squatters living in their house and losing money instead of making for 7 months while trying to get these people evicted.

That is a huge rent payment for someone to live in Brighton, and that demographic does exist, but I would you would have a larger vacancy rate than a Class B asset, and what happens if that tenant loses their six figure job(s)? 

You will lose your time and money big time. 

now if your rehab is better by 10k and say you shave some holding cost off you might only lose 2 to 3k.. ??