The tenants in back apartment were married, was informed by the female that they were getting a divorce but she would be fine paying rent alone.

Assuming you could take out a couple 100k you would have the buying power to start a cash recycling business (brrring or flipping).

I got a couple in my own portfolio that I also manage (I have a management company).

We have been talking about investing in real estate for a couple of years.

The BRRRR strategy was great a couple of years ago, but it's much harder to do now because of the high interest rates.

However if you have enough reserves, 6mo or greater then I'd say chance it but a couple of missed payments from the tenants and you have to foot the payments out of your own pocket.I'm all for taking risks but I think you really need to evaluate the age of the major systems so you don't get hit with a bunch of cap ex all at once as well as your reserves. 

I have a couple of funding options on the table and I’d love to hear your thoughts:Funding Approach: I have capital partners who are willing to fund 100% of the project in exchange for 50% of the profits.

A couple of mine are in Mesa, one in Florence, and I just added one in Arizona City. 

Thanks to COVID, for a couple of years, you can actually make enough money to be cash flow positive even if you hire a property manager AND have mortgage payments. 

They have presented a couple of deals that, unfortunately, haven’t worked out.