@Michael Ablan With the recent tax cut, the C Corp looks much better since the overall tax rate is even less, so you can keep more money in your C Corp to keep flipping. 

The inspector is suggesting the steel plate is not holding up the blocks, which is what it looks like to me as well.

I love the mentality of just getting on-base, Michael, so that you can get into the game, but this is looking awhole lot like you're leaning your head into the strike-zone hoping to get hit by a pitch that might do more damage than you realize.Somebody else mentioned it already, but what you have budgeted for Repairs, Vacancy, and CapEx just won't cut it on a property of this vintage.

Cut to more recently- the State Police raided the property and reviewed with me the extensive criminal history of the wanted fugitive son living next door.  

That doesn't cut it for me.

I realize there is no clear cut solution to this and I ultimately have to be the one to grab the bull by the horns (which I'm doing by absorbing as much real estate related content as possible), but I'm more just curious if anyone else has ever been in a similar situation where you felt like the clock is ticking.

The walls were plaster, so we had to cut channels in every room for the conduit... expensive!

I realize there is no clear cut solution to this and I ultimately have to be the one to grab the bull by the horns (which I'm doing by absorbing as much real estate related content as possible), but I'm more just curious if anyone else has ever been in a similar situation where you felt like the clock is ticking.

I wouldn't and here is why.... the market is pricing in a 100% chance of a 0.50% cut by the next meeting (18th?)

Online it says it may take 6 months to establish a FICO score I'd hope I could cut that in half at least.