"Be the bank": lease option, or possibly contract for deed.If you're still "stuck" with it after all that, you REALLY did not "buy" it right and you may need to eat a loss to unload it.David J Dachtera

Right now is a good time for savvy investors to unload their savings onto assets of all kinds

Oh also, the cost of construction has gone up due to the increase in lumber and rough materials.

One phone call to a tired landlord that wants to unload part or all of their portfolio. 

Sometimes a seller can't be patient and needs to unload.

I suggest finding some good contact at the lumber yard that you can trust, won't bs and has depth of experience, they can share what's worked and hasn't with others. 

I'm not telling you to build a new deck and sand off the manufacturer dates on the lumber......

Look for cracks above doorways, an indication of foundation issues, binding doors and windows can indicate such issues too.The 50's was the building boom, new materials and appliances and cheaper materials, lumber was good (better than today) but they got away from true dimensional sizes as are used today.

@Yuri MathelierCut up the wood and use it for firewood, dimensional lumber burns fast and hot.

Another PM I called also told me that they unloaded their rental management business because the the retail residential market is hot right now and they just want to focus on the brokerage business.