George,First the number 550 a month in rent.Let's break it down.For the area does the 550 offer first months rent free or half off or a waiver of security deposit.If that is what is a happening with competition for the area then rent is not 550.Let's say it is 500.Now look at the 500 per month.You will need to deduct your rents for crappy stairs to walk up,a sloped parking lot,no amenities,if you do not have a washer/dryer place for hook up etc.Your rate will now be considerably less than the 500 others are charging.If I am a tenant looking for a place I want the level lot,ease of walking into my unit,do not like tenants above me,ample and level parking,amenities,place to do my clothes.Buyers on resale will more likely want a 12% cap.I look at a lot of apartments for clients.This one to me is a pass.It has too many negatives going for it that make it hard to rent and retain long term tenants.Again that can be solved by a below market rent rate to make up for the problems it will still have after rehab.

You did save the 21k pretty quickly if I recall, so if this is attainable in your area you could just get another one pretty quickly.Have you already done each of those calculations?

@Nancy RothThe good thing about he IRA industry is that there are ample companies to choose from so the consumer has plenty of companies to go with especially if they are not happy with a particular company.

Your tour in a new city will give you ample time to accomplish both tasks.

I don't know about your market, but all the ones I'm familiar with do not have an ample supply of readily available inventory.

If you have ample of each of those, then go for it.

I felt I had ample justification (i.e. multiple comps, professional appraisals, etc) on both of them for why I felt the assessed value should be lower.In response, the County lowered one of the properties to what I suggested.

The owners get attached to a non attainable number, and until they are educated on how, and why, parks are priced the way they are- they sit.

If everyone knows that the market slows then any seller on the market in the winter either does not care to sell or is rather motivated.Ic an be a good time to get projects read for sale come spring assuming you can deal with repairs in the cold.If you are wholesaling and that means taking title be sure to have ample cash so you can hold through the slow periods.

I hope to do things honestly, smartly, and correctly, and I would definitelyappreciate any and all information, recommendations, tips, and advisethat any here could give me, so that I can attain my goal listed above.I'm ready and willing to learn, study, and become properly educated.Thank you all very much!