And now we are full learning on diferent strategies to increase our assets!

A lot of properties would be still occupied by previous owners and/or tenants and you won’t be able to go in even after you get your deed recorded (about 6-8 weeks after you make full payment).

I want to accumulate enough cash flow through multi family to be able to leave my job and focus on investing full time.

The house is uninhabitable, full of trash and fire damage.

I am in full agreement!

The house was built in 1938, it's a craftsman style home, original hardwood flooring in good shape, original windows but it very good shape, the walls and ceiling had been filled with blown insulation, had a new roof installed in 2017, and the sellers were willing to pay 5k to have the house painted to the color of your choice.  

That means getting it listed on MLS with a competent, full-time Realtor.NAR studies (and there is admittedly a case to be made there for bias) have consistently shown that homes that are sold through a Realtor fetch more than enough additional money to cover Realtor commissions. 

Then determine your price and simultaneously look at multiple strategies such as but not limited to:1) seller financing2) wholesaling full pfo or one property at a time3) potential syndication with investors4) JV with a capital partnerIf you happen to buy the entire pfo, consider doing lease to buy option.If you're looking for someone to potential buy a full pfo, PM me.

However, I didn’t realize the full implications of this (my mistake), and days later (less than a week) hired a new general contractor to take over with the permit under his license.

Or the full repayment period payment in 10 yrs?