In the old days we would call long-term employment or a fat savings account a “compensating factor“.

Although there is still some significant fat left in the deal, and we underwrote for a 1 year timeline, there have been many hiccups along the way.

@Charles NgansopBeing brand new to all of this and just starting to soak up all the information I can in these posts, podcasts, videos, etc...I’m so far from being an expert or even worthy of responding in this forum… But I figure I’ll jump right in anyway.

I offered to run the whole job from beginning to end and they just had to sit back and collect a fat check for 50% of the profit. 

With rent growth that comes in part of appreciating markets comes fat more cash flow (with patience) than you will get in an actual cash flow market.

My suggestion is to practice running the numbers, use the BP calculators, and become as familiar as much as you can in order to be ready to confidently answer the question, "is this a good deal?"

It is in very rough shape, debt is very comparable to value which is why realtor isn’t wasting her time (no fat left to pay her commission)..

I am reading every book I can on this subject and attending as many MeetUps as I can in my spare time to glean knowledge. 

So I am still at the save and learn stage...books, podcasts, even occasionally do some side work with a local investor to get some hands on experience, while trying to trim fat and stash money.

Do whatever it takes to get as many units as you can in one shot (provided you make the proper calculations).