A dirty broken down washing machine is a big turnoff for prospective renters and even current renters might think you don't care about them.

Working on my 1st potential, albeit small, development.  

Or are there any new developments in your area?

I was doing some prospecting and came across a property the owners ( an investment company) was willing to sell me for $1.

In highly desired flood zone, good area and there is a new residential development down the street that is starting. 

My history as an investor starts with developing communities (out of foam box inserts) for my Barbies when I was 6 or 7.

So a recent podcast and similar timed stay in an airbnb in another city along with my current market severe lack of inventory (yet too high new construction costs) lead me into thinking about this topic.Has anyone on here converted buildings like this into multiple condos and developed an HOA and sold them separately?

You have to go through their business development program and give the SBA an approved business plan, which cannot be just to buy real estate.

I'll update this situation for anyone who cares to follow it as things develop. 

I'm an investor and looking to develop a relationship with an REO manager or agent in the MD/DC/VA area, as well as in Detroit and Florida.