If 2022 or later the values have dropped due to higher cap and interest rates so if you have gotten any appreciation at least you haven’t lost money. 

For holding vs. flipping, let your goals and market conditions guide you—flipping can build quick capital, but holding offers long-term gains.

If you don't have a HOME TOUR CHECKLIST, and If you're interested, let me know and I'd be happy to share a HOME TOUR CHECKLIST with you - and it's FREE!

Remember this: the answer is ALWAYS no when you ask.Having said that, I've been able to get several seller finance deals.You need to have a motivated seller who doesn't need the money at sale.

The water may be backing up from another fixture that is not draining properly.

Banks will be reluctant to lend you and other buyers/borrowers a mortgage for a building like this as it is seen as high risk.

This will be tough to run from far away.

Or is this some other case? 

I've seen a lot of this lately where GPs are offering outside investors pref equity to effectively "save" the project from foreclosure.

Purchase price: $535,000 Cash invested: $133,750 Long term commercial investment in Rocky River, Ohio What made you interested in investing in this type of deal?