Additionally, with the owner on site many condition issues (garbage and curb appeal) that lead to less savory tenants will be discouraged.OP -  regardless of your decision, you have some work ahead of you.

Hi,We are real estate acquisition experts who are wondering how we can help you to more efficiently and effectively source off-marketreal estate projects and build your pipeline. Reply to this post to get started. We ...

I made sure to point out that conventional financing would likely lead to a waste of time and additional work on his end, and he understood because he held many properties.

You have to create your own leads, nurture them and then service them. 

The strategy is to keep the property preforming + offsetting our expenses as long as possible by renovating units, bringing them to market, and turning over the subsequent units.

Do you know why I keep getting all the leads?

After that book I picked up the book on rental property investing by Brandon Turner, which I am currently reading and lead me to this awesome website/community.       

Consider a co-signer or learn the skill of sourcing leads and offering sellers a lease option purchase. 

I obtained this lead door-knocking a pre-foreclosure.

Originally posted by @Rich Somers:No other owners in Old Louisville have modern, trendy, updated units so theres no proof of concept.This is definitely not true - I'm curious what leads you to make this statement?