I am asking how an experienced investor would follow up because I do not believe this property can be put under contract for a wholesale.Unfortunately I do not have the funds to fund myself a deal due to low income and putting any savings I had into starting this journey (possible mistake).

Most East Side areas are no worse than B-grade, while you can go as low as D-grade on the other side of town, so be careful.As for Westwood, there is no shortage of properties to acquire here.  

$1200 rent on a $170K property is too low, you have too much equity in the property and need to pull it out if you ever want to see any true cash flow.

Also I agree on the REITS being a low ROI my father in law is kinda just pushing me into trying to invest in REITS.

I'm performing a 1031 Exchange from California so real estate investment with relatively low time requirements is a must.

At some point many will tire of the threat and real estate values should drop or remain very low.

Hey Ryan, How did you get such a low rate on a commercial property?

I grew up there, so I have some familiarity with certain neighborhoods.I don't have a lot of capital, but I have an extremely excellent financial history with a high credit score and very low DTI.Time to wrap up, don't want this post to get too long.I'm looking forward to interacting with all of you on the site, and here's hoping I can make this work with your help.Thanks,- Ray

The monthly cost is kept low and is a workable system.

getting this at $80k would be a steal of a deal so unless the seller has some me serious motivation for accepting such a low offer, they are better served listing it with an agent and not going the FSBO route.In this competitive market, good luck finding deals at 70% less repairs, less your wholesale fee.