Not to be harsh but do a little research

On the other hand, if you believe not all is lost and there is hope for the building, join the board of directors and help them get things back into shape, but be ready for much drama, politics and failures despite all your effort. 

Like a "Flip This House" type show, but with more practical information and less artificial drama... that's certainly an interesting idea

Sounds riskier with higher chances of drama and turnover than a regular couple. 

Thus far the cash flow is still positive, but it certainly feels like a drama at times.I've had tenants come and go, complain about drugs in the neighborhood (knock on wood no murders yet)...I was offered crack once driving through the nearby neighborhood to check on the properties...I hope it's a transition, build experience with a limited investment, then move on to advanced opportunities for me.

They're typically going to pay 70% or less of its retail value, because that's the kind of discount that it takes to generate a profit in this business.Here's the harsh reality: If you've had a house on the market for six months with no lookers, its priced too high.

The constant drama and losses at some point will take a toll and the end result for investors buying in the wrong low value area is selling for a massive loss.

If he's not then it's up to you to decide if he's gonna cause you to lose a tenant or cause you unwanted drama.

     $ 262,441 72.9 % of ARVContract sale price $360,000Take a look at 4105 Seymour st Riverside, Ca. 92505  If there is any interest I will post our marketing package.I added all this to confirm that you should stick to your guns, stay with the basics, if you need "help" loosing money or like to bring drama and heart ache to your business and home buy flips in the 80% plus range you will most likely get more than you bargained for.Good luck Jim keller

Probably a bit harsh but be prepared.