I actually sent out a test ad on Facebook Marketplace, and got a multitude of responses, or “potential buyers” so now I am communicating with them to see why their desires are while I go out looking for homes

My friend wants to sell the property due to cancer treatments and lack of desire to own the property any longer. 

I desire to do something more challenging and rewarding and I have always dreamed of owning real estate.I am coming into this journey with newly found ambition after losing over 130 pounds and counting! 

But if you do have to set it up this way, then you would need top tier legal and tax counsel to accomplish your desired tax treatment.

Lets take a building whose NOI decreased by 20% from 20,000 to 16000.Simplicity purpose NOI = 60% of yearly rent If the cap rate is 3% then price should be 3.8 M .. and of course if the building is desirable then some investor may offer 4 M say .The same building be in 2019 would be based on 20k rent at 4.8M valuation and some investor may have offered 5M . 

I think whether or not you're vested in the city carries some weight as to how you perceive the situation & your future outlook (or desires).- I'm interested to see if this will be a temporary shift, or a long term impact that could take years/decades to come back to 2019 heights? 

The flip is in a desirable area and I don't expect any problems selling at it full price.

With financial freedom, I'm not sure my desires will be kicking back on a beach everyday. 

landlords sell for all sorts of reasons.but first and foremost homes that can pay themselves off in under 10 years from cash flow are generally going to be in rougher or less desirable areas or poor income areas.. so thats one thing.Landlords get burnt out..

@Joe Villeneuve  Joe what do you think on the person with NO money No experience and just desire. ??