Upon seeing this name again, I looked it up online and found that the person it belonged to had a number of articles from our local news station for a number of crimes, to include forgery, identity theft, impersonation, etc. 

To evaluate investment opportunities, consider factors like property condition, neighborhood trends, rental demand, and potential appreciation.

@Matthew CrivelliMostly due to the over building but there are other factors that we are still dealing with. 

Thanks for your helpWhen we structure JV Agreements for our clients, we look at several aspects that need to be included.

  - Resale value may be lower depending on factors regarding the flood zone. 

In general, rental related real estate, is considered a passive activity.That means, that passive losses, are not eligible to offset income such as wages, interest, dividends,etc.However, I would still argue that real estate is great from a tax perseptive, making $270,000 you are likely in the 30%+ tax bracket when you factor in Federal and state taxes.Rental income, which is normally shielded by depreciation, will not be subject to the 30% tax as would interest and dividends.Best of luck.

Also the $1500 isn't really that helpful because  it is "projected" and includes no expenses.

Nevertheless, I am also open to discussing other lucrative investment opportunities, including luxury homes and strategies like BRRR. 

We have zoom going on most of our in-person meetings.We are a nonprofit and focus on providing education for Real Estate investors.We have 10 or more meetings a month including the main meeting where we have a different speaker providing information on a RE topic.Check us out!

There are a few apparently that are considering opening up their product offerings to include HELOCs on investment properties.