This method provides an indication of value based on the property's rents.

If you find yourself in a similar situation, I highly recommend exploring the gift of equity deals and using sweat equity for renovations.

There's nothing that prompts inaction like uncertainty (in fact, hinting at demanding a stable 11 cap, one might argue, is a form of effective inaction, since we know how hard that is to find). - Substitute goods.

Find a deal that meets that criteria and talk to local hard money lenders. 

Stand out, be unique, and offer something of value that you would love if you were a traveler (cleaning service, amenities, a theme, etc.)Happy to help you find a place if you want some help on the agent side.

Cashflow opportunity How did you find this deal and how did you negotiate it?

Quote from @Roger D Jones: SamEveryone here is providing great points to consider and if you were my son I would say that at 360k this 'dog needs to get put down'. 

@Ricky RigsbeeWe use Michael's analyzer currently (along with other tools) and find it very useful.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

Biggerpockets probably not the place to find someone to buy a note against a business as most of us are only real estate.