The biggest issue was getting it out of there. $250.

I recognize how much work is needed to succeed in this industry, and thanks to the US Army working hard has never been an issue for me.

Also, watch out for any litigation or construction issues that could lead to HOA fee increases down the road.Alternatively, you could consider a good deal on a single-family home or a 2-4 unit property.

Taking on issues the seller is not willing or able to cope with can score you a better deal.

Instead, try reaching out to regional insurance adjusters or property claims departments directly.

We fixed the foundation and the flat roof issues with pooling water, and rents didn't meet the mortgage just yet.In 2023, we finally started to cash flow.

Crime and drugs still an issue, but getting quality tenants has not been a challenge... so far so good.

The other issue is that it does not have much equity at all.

@Tyler Speelman, A 1031 exchange solves the tax issue. 

The mortgage was also raised due to insurance issues to about $1,950… so I am not making much cash flow, more like a cash trickle.