If you have any cap ex left in Palm Bay (like an HVAC major repair or roof) you will lose cash flow for years.

@Kayenta Saucier - I wouldn't say it is a great deal or a bad deal.A lot of us still try to use the following equation.Maximum offer = ARV * 0.7 - repair costs.  

If that is the case it would require a 1031 which is just another layer to the process but ultimately not really that complicated.Without knowing how much repair work would be needed it's difficult to give specific advice.

- Do you have reserves or access to capital to make repairs/updates to the property?

We were not able to recover any yard damages due to other damages they had left that needed repair, which empted out their security deposit.

Zero-percent business credit lines can be a great tool to fund renovations, repairs, and even serve as gap or bridge funding when working on a BRRRR deal.

Also some plumbing repairs were needed but nothing major. 

Hi Stephan happy to connect I'll be in town soon so feel free to Dm me your phone number

In December the roof was finally repaired, however the damage to the ceiling has not. 

Email me for the phone number.