If there really is that much equity in the place, and you plan to grow over time, I would consider looking to unload it at some point instead of considering it a buy and hold rental.  

Like Frank says, sometimes you need to let these properties go.I just unloaded a few properties where eviction was the norm.

Even though, I don't think I will actually use that much because I will pay cash for many things and have lots of materials already due to the renovation I'm doing on the commercial property (it came with lots of materials - lumber, plywood, etc.).Any advice is greatly appreciated.

I built mine out of solid oak and it cost me almost the same amount in lumber minus tools cost and labor, but I know that my vanity will last 2 or 3 times longer.Finally, if I have the space and everything close in price, I would buy the maple vanity because of reasons stated above. 

Got a call from the son of the deceased who is the administrator to the estate.Wondering if anyone is willing to comment on what their exit strategy would be, given this info:ARV: 325KOwe: 200KPayment: 12001 month in arrearsest repairs: $15KThe son seems very motivated to unload the house.My initial reaction (being that I don't really have any of my own capital to work with) would be to wholesale it.

As a house flipper I feel what is often over looked, is the end game of how active the market is on unloading the product you have improved.

The plus side, lumber is cured rock hard (sometimes not so good to work with) true 2x4 or dimensions.

unload this property, and find another small investment with which to continue your education. 

Look at price trends for Silver, Steel, Copper, and lumber. 

I remember seeing a post on Craigslist that there's an investor looking to unload their portfolio.