I agree that if I were to look at possible flips outside of Atl, I would want to move there just so I can physically be there to see how the job is progressing and all that goes with a fix & flip.

Regarding the horror story--unfortunately, that's a part of the business, and a risk you'd have to evaluate on yourself to see if it's manageable.

And I hope you let us know how it goes as things progress.

I was wondering if there are any investors local to Passaic that wouldn't mind meeting to evaluate my current building  (I'd pay a consulting fee) or in general had ideas to increase cashflow on the building.

When I am evaluating a property you have the standard PITI = Principal, Interest, Taxes and Insurance. 

I assume more investors will be running into the same situation as things progress the remainder of this year and next. 

@John Thedford I forgot to mention this, but if you are looking for help evaluating the risk around the tenant, our in-house credit team is offering due diligence services to those investing into the single-tenant space. 

Just know that, as you progress with your decisions. 

Evaluate your deductible amount carefully and have that amount set aside with your capital expenditure.

As an investor, you’ll have the ability to evaluate one property’s cash flow against another, as well as measure the potential risk.