Does this make the deal bad and I should not continue with it?

If you have money and patience, it could be a good long term play if you can continue to pick off surrounding properties. 

I am pretty much a newb, this was my second deal and I was just happy to get it, but I've continued to have this nagging thought in my head...

I have 4k saved currently and plan to continue to saving over the course of the next year.

My primary residence has a unique feature in that it has come with a 20x40ft double-wide manufactured home in the backyard.Previous owner was using it as a shop but it has wood panel walls and beat to hell 50 year old carpet. 

I hope your experience continues to be good with them. 

I have a friend that has a fair share of liquid assets and he continually makes comments that he would love to invest in my first house flip.

However, I would like to continue to invest in real estate before I purchase my own place.

You can always just throw it on airbnb, but you risk $5,000 per night fines.....not to mention the costs to furnish, manage and operate the unit.In my opinion, airbnb from an ownership standpoint isn't much better than just a good old normal long term rental, unless there are unique/niche like features that allow your building to stand apart from all of the other (and we're talking thousands) airbnb units on the market. 

The deal:Actual purchase price: 80K (cash purchase / may refinance later)Units: 8 (2br/1ba each)Rent/unit: $350/moManagement: 10% to manage / nothing to place tenantsTaxes: 1600/yrInsurance: 1200/yrFlood insurance: 2400/yr (yes, it's in a flood plain near a river)The positives:Solid management in place (for years) that is eager to continue.