And my units have a lot of deferred maintenanceAt the end of next year the seller financing will be done, and an extra $4000/month will ease the pain.I think I will survive it, but in hindsight, life was great without them, ok with them but make sure you can let someone else manage them.

Which ultimately results in eviction.

@Arun D.If you want to survive in this business you will change your attitude toward leases.

There are pitfalls in the entire process...from sourcing, analyzing, scoping the repairs, doing the repairs, leasing the property, managing it or flipping it, how you do those things ultimately can make or break your investment goals. 

If not, then I doubt the seller will be willing to give too much based on the fact he/she knew it was old and probably took that into account with their list price and ultimate contract price.

What I can do is ask myself how I would survive hard times.

I understand the down payment is not a big deal, but ultimately it will be (unless you're Bill Gates or Jeff Bezos) and the more doors you can accumulate with the least amount of money out of pocket helps to build your empire.One girl's two centsStephanie

Of course, it's ultimately your call. 

Rich Dad Poor Dad and The Ultimate Beginners Guide to Real Estate Investing always a good one to start out on.

With "too many cooks in the kitchen" syndrome, I can imagine people in the group going all over the place and ultimately not agreeing on pulling the trigger on a deal.