One thing I like to do in abq is if I’m purchasing multi units in rougher parts of town make sure I’m getting a good deal on purchase price (usually my numbers are around 1.3-1.5% on the ‘2% rule’ if you’re familiar with that so I make sure I’m getting solid cash flow.

A solid work history is indicative of their ability and willingness to live up to a commitment.  

He was telling me that overall the property (structure) was solid for its age. 

Run away from this deal stop trying to justify wasting money.

Depending on the person they might not be pleased with wasting their time if you don’t end up getting a signed offer.

PM me Ii you need a solid lender, or if you want some sweet deals.

Assuming you can financially support hiccups along the way I think it’s a solid strategy.

The "carry trade" is sexy until it destroys your balance sheet.Short term, high value add deals that you can refi would be my strategy although in most cases  I wouldn't risk my home to do it.If you can live with a permanently higher payment then do a cash out refi and keep your powder dry for the opportunity with solid yield.If I sound like I'm speaking martian right now then don't move forward!

Sounds like you have a solid plan in place. 

My goal is to build a solid portfolio of rental properties and supplement the portfolio with fix/flip profits.