He was not happy she did not allow him to help as he is also concerned about mold spreadding from her unit to his unit.Electricity is off so AC not able to run and circulate air.Concerns:Unit sat without being sprayed since Harvey  3 1/2 months ago.Mold spores traveling through out the home that I would never be able to get remove completely.  

There's a few ways to approach residential cash-flow investing... buy-hold an asset and make spreads over time that slowly build OR jump into a discounted situation and add the value by casting the vision, doing the work/repairs, turning that $2400/mo cash flow into much more and getting rewarded for all your blood/sweat/tears/RISK.

@Bruce, lead generation is the life blood of my business.  

They are doing a great job knocking down abandoned houses, fixing roads, sweeping the street, mowing vacant lots etc. i kept hoping the property values would go up but I lately I just don't see how that can happen without fresh blood in the city.

The blood is definitely in your eyes, in attack mode and for all good reason.

Getting blood from a stone.C-class areas are challenging.   

I guess you should also be warned that once you get that first deal done, it seems to get in your blood and you can't wait to find the next one, what starts out as a little investment becomes a fixation of sort...At least it did for me.

You use $60K of that to pay off the underlying note and pocket the remaining $10K.Still too risky for my blood, but I suppose that might work.

Realtors and contractors are promoting the slumlord experience, eg never investing in the property, and extracting every bit of blood out of the house you possibly can etc.This works well in the short term, but when it's time to dispose of the asset, people will look at your manky horrible windows and knock you for them.But then replacement won't be $6k by that time, they'll be $10k, and the buyer will knock you $15k on the price - because they can.Don't fall into the trap "it's just a rental".

It might be time to put a bit more blood in to a make a sale at a price that will make you whole or better.