Seems like my area is allowed to do STR and I was able to obtain where to contact to, to make sure what I found is accurate. 

Purchase price: $34,700,000 Cash invested: $7,500,000 192-unit institutional class B+ property located in between the Research Triangle Park area and Greensboro, NC.

I am most concerned about a large area of mold that I saw on the garage ceiling.

I've been reading about seller financing the last few days, and there are a few things that I'm still unclear on.1.

I am using all his advice for doing due diligence on properties before buying, using the deal calculator to run numbers and looking for good market strategy areas. 

Normally 2/1 entire apartments in area go $1600-2100 ranges so these were surprisingly high for just bedrooms.

As i spent so much energy and time and money on this property thinking better to keep property.Also this property is in downhill area.

This deal was discovered through diligent market research and networking in the Linden, MI area.

Though the rental we’re currently in I feel is a great opportunity as it’s in a great area and there may be the possibility to suggest a rent to own. 

And, as Nathan noted, you are likely giving up huge appreciation potential, which will likely never be replaced by cash flow.But at the end of the day, if you are in a declining market in LA and are able to find great deals in higher cash flow areas, taking into account the likelihood of needing to outsource everything and additional travel costs to visit the properties a couple times per year, and you don't really care about appreciation, then it could work for you.