Yes - my main clients are multi family investors and developers so I have a lot of experience in this space.

There was a significant leak that developed in the basement laundry room -- he initially blamed us, but later, discovered it was another 'pin-hole leak' from a copper pipe (which filled up a 5 gallon bucket I placed under it, in about a day).  

Please be sure to update this thread developments with the property, as well as any others you obtain.

Cash-flow, though possible, is generally not something you'd benefit from here (unless you do it via illegal vacation rental).That said, I would definitely buy a small condo (studio or 1-bed) for myself here, as I'd rather pay myself rather than a landlord, and IF you feel confident enough in doing out-of-state investing, leverage your remaining funds to purchase 1-2 properties that cash-flow elsewhere.If instead you'd rather keep it local, I'd use your available funds to purchase 2 condos, one for yourself and one as an investment.

There are 12 studio apartments behind the old nursing home on South Main street.

@Colbi Ight sounds like you need to make friends with a local developer or two. 

Located inside the Boiler Room is also a fitness studio.

As an example – a car dealer doesn’t want to spend money mailing to people who probably won’t to be able to qualify for a loan.When looking for Motivated Sellers, we target homeowners on the opposite end of the spectrum: people who are most likely to be having financial difficulty.By applying Low ESI to your list, you add a level of motivation – homeowners who are struggling economically are more likely to want to sell their homes.While credit scores were utilized in developing the model - they are not actually part of the model (hope that makes sense) so there are no restrictions in using it.

Especially in the areas close to downtown with all the new development.

We have a few commercial developments under way which will be bringing some new entertainment to town, and the food scene is starting to blossom here as well.