$150K asking price, $2600 monthly income...cashflow analysis indicates around $700 cashflow.   4-plex's don't come up for sale often here so would like to pounce on it but here is my dilemma...not sure where to get funding from.In the past 4 months I have purchased 2 duplexes and a single family home, depleting my available cash reserves for down-payments. 

Your cushion of a security deposit gives you one month of leeway and of course you still have to consider cleanup of property before renting.

This property has recently had a tenant move out and property management had to do some clean up to get it back on the market.

There are for sure many that are 100% not worth any sort of liability you'd take by purchasing them, but the cleanup options are out there...and in my limited experience with these sites the local govt agencies are actually ok to work with.

Updated fixtures, flooring, paint, a few windows, and general clean up inside / out.

My biggest frustration is all the 3-7 hour nights after an 8 hr workday: by the time I get in a groove I have to clean up.

I paid my contractor $500 to clean up the property, I then sold it to a Tenant Buyer who gave me $25,000 option fee and pays me $1950 a month.

There are some real "sharks" down there with lots of cash, they have the funds to "clean up shop" and can bid all day long.

What cleanup fee will you be using?

Like clean up all trash or fix things around the house.