Then they are shocked that the damage they did to the house combined with the calls to health department resulted in red tagging the house.  

Looks like we are pursuing similar strategies.  

We figured we are a perfect match for the REI world, coming at it from those 2 different sectors.

I bought the one we are in now... about 2 months ago, and we got another just now jointly. 

We are happy to have you.

We are in a great location because we have good markets for flipping as well as other markets for cashflowing rentals all within a short driving distance. 

We are the masters of 12-20 unit buildings!

Unless you wear a red suit, have a white beard and collect your rents in a sleigh, that doesn't sound like smart business to me.

We are thinking of either kicking out the current tenants, fixing it up a little and renting it out for more.  

I've read so many  posts lately and honestly a lot of them are intimidating but I'm hoping to gain the knowledge and wisdom through more reading and with your guidance.one "problem" that we are running into are how to fund real estate property.