The OP said the tenant was evicted through court, so I assume they have a judgment and can turn that over to collections.

No matter what, you need a good, trustworthy GC--if they can do the carpentry themselves even better. 

You can do it too. 

And he still has his own projects going where he makes 100 to 150k per house usually doing 2 to 3 a year.. so depending on what one thinks good income is can determine if one thinks that is worth it. 

Holding properties for longer than expected can definitely put a strain on cash flow for new construction builders.

Let me know if we can make that happen!

Perhaps someone with more intimate knowledge of the area can validate or dispel the type of neighborhood this is but it’s normally not good if that’s one of the first things to populate on the internet.

Then do rest of the property.3) Recommend adding 3D Tour and Floorplan-- Some of the competition already offer.4) Marketing Exposure-- Can see it on Zillow, Redfin, Appartments.com, Realtor.com, Homes.com, Trulia & Hotpads, which are all the big ones.5) When is the last time you dropped the price?

Can you make the payment on the $292,000 loan for your primary if the tenants don't pay rent? 

How can I pull the equity out of this building?