This is a micro economic condition based on a specific market as not all markets perform the same.

As others advised, get a structural engineer in there to review the conditions.

You can make minor adjustments based on the type of appliances (dishwasher, clothes washer and dryer, air conditioning, etc.) and the size of the rental.

Normally when a  property is advertised as "cash only" the property is in poor condition and/or the seller wants to reduce contingencies and opts for a cleaner transaction.

Once the property is in a rentable condition you can explore a strategy to rent it STR, MTR, or long term.

We worry about the hassle of dealing with properties in poor condition and not building enough equity.

With markets adapting to changing economic conditions, now is the time to explore innovative investment strategies.

I assume documentation was a top priority here when discovering the property's conditions.

Purchase price: $814,000 37-Unit - HUD Section8 HAP MultifamilyOverall the project was situated decently well at closing, occupancy was mid ~85%, and overall the property was in very nice condition.

Implementing a value add strategy, which will raise rents and force appreciation has been an unfair advantage in just about any market condition.