I don't want to jump into a bad deal.

I guess I feel bad for the clients of that army of highly paid CPA's as Section 162 trade or business expenses was unaffected by the SALT adjustment of under the TCJA.

At first pass it doesn’t sound bad but I will need more details on general condition.

Might as well give you the good and the bad :)I am very much a risk manager, I look at everything:  the area, the economy, the ROI, the competition, the future, the demographics, what's my downside, what's my upside, etc.  

I was coming off a bad experience with a Multi level marketing company and wanted a way to earn a second income that didn’t involve that type of thing.

We thought that rents could be raised as well, but also thought the asking price was decentIt our situation, we paid full asking price, but also asked for $20,000 at closing to fix various issues and have some in reserve in case things went bad quicker than we thought. 

However, those types of buildings (at least where I am from) are currently overpriced, or in really bad shape in bad neighborhoods. 

I would walk the property and see how flexible he is or if he would remove the 3 bad ones as part of the deal.

And I've never had a 1031 go bad because of it.You're right - you do not need to have a QI in place to go into contract. 

Problem is we done ran into two bad contractors so now asking what now.