(I won't go into the many reasons that is a very bad idea.)Have you checked the flooring yourself? 

I think it's a bad idea to cash out equity to buy the next property.

I do understand that most businesses are having trouble with labor these days but I shouldn't have to pay thousands of dollars because of my PMs problems. 

Just like VG Jason said, do your own due diligence, trust but verify and run your own business.

I use PropertyRadar for my business.

My family operates a home building business in South Jersey.

I will not be conducting any business in MA just collecting checks as I will have a property manager managing the property in NY.

I am from Florida but love BP and it has been very beneficial to my business.  

Ehhh my own fault.I'm deep on regional banks.I believe they are the back bone of American small business and all seem very well positioned.After reviewing many P&L's and balance sheets, I see lot's of value but time will tell.I'll either be a hero or a zero with this high risk investment.Wishing you much success and keep the dream alive 

Really I'm just interested in the idea of purchasing a property and financing the renovation too.