Cindy, There are endless reasons why a property has been stalled.

There seems to be an endless stream of renters and not nearly enough homes. 

.), and your DP is minimal...then yeah--200-300 cashflow might be OK (but, you'll need to run your CoC numbers to know for sure).But if the property is C or D class, in a C or D neighborhood, and the tenants will cause you endless headaches, and the property requires rehab and/or has looming capex, etc....then, no, $200-300 may not be worth the hassle.There are properties that I know would cashflow THOUSANDS per month, but I wouldn't touch them with a ten foot pole because I know that the headaches the property and tenants would produce just aren't worth the money...Also, you mentioned that you think higher rents and appreciation are in the future for this neighborhood...if your plan DEPENDS on higher rents/appreciation in the future, you're not investing, you're speculating.

I am also a gc, and log cabins are endless maintenance.

You need a lawyer that will do everything in his power to expedite things - not postpone them for endless months.This is about the most ridiculous thing I've ever heard!

The possibilities are endless for you my friend!

I understand that there are endless ways to begin investing although I was hoping to get some input from people that have been in my situation before and may do things differently if they were to start over from the beginning.

Once they have the property in a file, it will generate endless inspections and citations.  

From networking with other seasoned investor to getting the information you need on real estate, the possibilities are endless.

That's basically an endless exclusive, and one of the major benefits that comes with management is the ability to represent in a sale.