I was looking for a cash flow property as I have a couple I'm holding for their equity positions...don't cash flow well and don't need to dump them right now for the cash.Also, I'm in the military and out of the area, so doing management through family "partnership."  

Hi,I've been a real estate investor for 45 years, and specialize in apartments and other smaller commercial properties, including office, warehouse, retail, motel, and mobile home park investments.I also am a real estate broker, and help others buy and sell similar properties.

You can Google to locate them and go to meetup.comYou might consider Niche or Specialized Housing like student housing.

There is nothing special about a 10 Cap in my market. 

What I want to know is should I 1 Donate it to the fire departmen for training and let them burn it down for training (take the tax write off) and put a new trailor there2 Just tear it down and put something else there 3 Rehab it, it will need to be gutted and a new roofMy second question is, The house Im renting is owned by a military guy.

I'm currently in the military stationed at Fort Knox, Kentucky and is looking for a mentor or any information on assisting me with my first flip.

I would shy away from most properties with high delinquency rates for a variety of reasons, namely that this often leads to other, deeper issues including special assessments, higher increases in condo fees, deferred maintenance, etc.  

Not to mention the hassles of an HOA and the special assessments they love so much.  

I will be specializing in many facets of creative financing and the occasional rehab/flips. 

I am assuming a military tenant base.