The difference in price isn't sufficient to even consider a flip. 

A small negative amount is acceptable, especially in the initial months of a value-add deal, and a good operator will have sufficient reserves for this period.

You link accounts and it looks for deposits that are sufficient enough to cover your payment.

A commercial lender may require you to maintain a capital reserve (they will collect it in addition to the debt service and property taxes {if paid through the lender}), so you will want to ensure the NOI is sufficient to service the debt, fund the reserve, and leave you some to take home.  

Are there sufficient parking spaces for your customers and staff?

@Joshua Lafferty The online SC courses are sufficient for getting your license.

Syndicatiors charge way more fees than condotels..Without the appreciation potential.Whats lost is is the revenue generated by MGM for example sufficient to cover the fees and give a little return. 

Subject to, is closed with a Special Warranty Deed to Billy (using Jay's example) and a note for the $80,000 with terms sufficient to pay the firt lien.

Also, people with sufficient funds will leave these areas and the area will go into decline.Climate - Properties in areas with hard freezes and excessive moisture will tend to require more maintenance than in milder and dryer climates.Age of the property - The older the property, the more maintenance it will require, unless all the major systems and components have been updated recently.Property cost - There is a tendency for new investors to choose locations with very inexpensive properties.

There are cleaning products specifically designed to remove mold and prevent it from coming back.Mold requires two things: moisture and food (dust is sufficient).