We removed the drop ceiling and raised them 1.5', removed florescent lighting throughout and did a lot of general type upgrading.

As my deal have gotten bigger, I spend as much time raising money to fund them as I actually do running the deal.

The agent took me to lunch and sent me a thank you card with a small "gift." 

Before you decide, check local law that may not allow rentals in that area.If rentals re in your future learn how to raise money and forming Partnerships. 

Big takeaways Asking Price: $145,000Gross Rent: $2,500 (some of the units are below market rent so I'm assuming I can raise rents to at least $625 a unit)Cashflow: $169 (This seems awfully low for a quadplex considering it's much better than the 1% rule)Any advice would be greatly appreciated!

Once you have good sources of notes, you'll run out of capital to invest and you will be at the next difficult task of note investing: raising capital.

Buying one or two condos close by won’t drastically raise the others prices if it doesn’t make sense in the market.

It will be hard to raise 400k in pure private money unless you have a large network of private investors.

Both properties have a lot of deferred maintenance and are under market rent so I can bring value and raise the tenant base and rent quite a bit.

I've also used credit card checks to bridge my cash gap.