I had been there in the past for Memphis vs UAB basketball game and never really toured the town.  

It sounds like offering a financial intensive to the tenant is the way to go.  

We're struggling deciding whether to proceed with the purchase due to the intense amount of initial time and capital needed upfront.

Restaurants is very management intensive, even with a manager in each store.

. - Millennial Flippers - Located in LA - 1 day intensive - Price Unknown- All In Momentum - Located in Phoenix, Arizona - $5,000-$7,500 - 2 day workshop + $597 for All In Academy- John Martinez - Located in Denver - 2 day bootcamp - $2,500- Wholesaling Inc - Bret Daniels - $5,000 - Not sure if this is an online course and/or event - Phoenix, Arizona- American Flippers (Adam & Bobby) - Located in the Bay Area - Price - $10,000-$20,000Any help would be great! 

Over the last couple of years my mindset has turned 180 degrees and I now look for investments rather than higher paying more work intensive jobs.

So this project is pretty risky and extremely capital intensive.

The upsides would likely include lower exterior maintenance expenses (since you are paying for them with a monthly condo fee) but dealing with 4 seperate tenants erases any upside from that because it will be more management intensive and more interior maintenance expenses.

If you want strictly passive you would look at triple net investing (you would need a few hundred k to get started ) or you could look at buying discounted notes or hard money lending etc.Flipping and rehab and other avenues require a more hands on and time intensive approach.So it's about cash to start with, passive or active approach, and what kind of return you are wanting (ROI).

While class C's can be more management intensive, the cash flow and yields can be excellent.