We've had some very bad experience with some terrible property managers that are some of the most dishonest people we've ever dealt with.

The neighborhoods surrounding it are terrible.

This is a terrible deal. 

House was an estate sale but in bad condition and terribly over priced.

If they are month to month you can raise the rent, but check on the timing and notice laws for your area.A word on timing : january is generally a terrible time to try to rent out a unit.

I think it's a terrible idea. 

That sounds terrible.

@Moises Regalado yes county records, or if you can see picks of the comps the houses thats in terrible condition will have to be bought with hard money, cash or conventional financing or cash.

A delay from Nov to Dec does not sound terribly bad but what does sound bad to me is the excuse that his subs have gone on to other work placing you in second or third place, that is not acceptable if I were in your shoes and I would demand some corrections to that.

Or are my thoughts terrible, but I just can't see it yet?