Forgot to mention - I would pay cash for the property and I have factored in 10% annual maintenance/repair, 5% self managing cost; $1393.00/year property taxes, insurance, utilities, and 10% vacancy/bad debt/collections into my spreadsheet.

Remember there is a thin line between a kitchen and a utility room.

I'm talking about property that had no chance to cash flow at $50k - 1950s built gang infested, falling apart where owner pays all utilities.

I've read that they typically pay utilities like heat and garbage, but a lot of people mention that they themselves pay the water bill and sewage bills which can get expensive. 5.

Tenants pay all utilities, water, etc.I am paying all cash for this property.

So, having said that...this one's a bit of a twist, given that it's classified as a Condo, however this space can be utilized as an office facility.

These are road warrior type jobs where you're out at a customer location during the week and fly home on the weekend.

You're going where you don't need to go at all, a sale contract is all ready made for a buyer to acquire good title, free of encumbrances, that would mean that you are to receive the full bundle of rights of ownership unless there are restrictions to title like a utility easement or HOA restriction made of public record.

I'm currently working as a Customer Service Specialist at Xerox and my goal is to transition into full-time wholesaling.

Do you want to own the property OR are you just after a return on your money that is steady utilizing a real estate platform.If you own the property, who will manage it?