Originally posted by @Percy N.

Hi @Percy N. thanks a lot for your answerI'm know sure that their accounting is chaos, it's a 70 units property, chart of accounts is unreadable, I think the balance sheet is wrongIs it usually the property manager who takes care of the accounting or is it delegated to someone at PM headquarters?

I’m a teacher from N Y ( now a former teacher).

Hey, I would refinance it right now into a fix n flip loan.

Bear in n mind I don't plan to use any of the cash and reinvest all of it.

Hello Delbert,Is your goal to be a buy/hold investor, fix n flip or both? 

@Edquan N.

N/A

_________________________________________________________________________________________________Mobile, AL Market Trends:_________________________________________________________________________________________________- Mobile has seen a 6% increase in rents per month over the last year which constitutes immense growth in rental demand _________________________________________________________________________________________________- 72% of the population is under the age of 45 which attracts more of the younger population of which 40% have said they are interested in renting _________________________________________________________________________________________________- 76 days is the average days on market for a single-family residential property _________________________________________________________________________________________________- The rental vacancy rate is 11% over the last 6 months for single-family residential properties_________________________________________________________________________________________________- There has been a 6.7% increase in appreciation in homes over the last year_________________________________________________________________________________________________- 42% of single-family homes in Mobile are renter occupied _________________________________________________________________________________________________- The median rent for this year is $900_________________________________________________________________________________________________Business Sector:_________________________________________________________________________________________________There are 10 downtown residential developments currently in play and they include: _________________________________________________________________________________________________• Meridian at the Port, 300 N.

For future investments, look to acquire foreclosed properties to either fix n flip or buy/hold.