The building is partially occupied by the current owner who would be moving out with the remainder of the building leased to various mom/pop tenants so this would not be a turnkey deal.

Cash flow sounds nice but often misleading when  large repairs pop up.

And by all means, please continue replying so this thread keeps popping up to the featured section of Bigger Pockets as I've seen our opt in's increase ever since you posted.

Mom and pop NY brokerages would be a better option, but they will have no training or systems, but will hold your license while you look.

Full guts of the bathrooms, replacing all fixtures, throwing modern tile finishes for the tub/shower, new vanity, new cabinets in the kitchen, island, new stainless-steel appliances, new flooring throughout, new recess lighting, and likely new siding on the property to give it a more freshened pop for when it goes back on the market.

I throw in pops of color with other accessories.  

Meaning one year, or for 10 years you may not have the leaky basement problem, but then it will pop up again for two years and then go away or something like that. 

We both live within blocks of the hotel so its easy to just pop in any time.

I’m currently advertising 5 separate units and everyone trying to apply is having error codes pop up.

@Scott Mac“It seems like these anomalies pop up from time to time, but they are more likely to be workable by someone who has a larger position in cash, a larger net worth, and experience in that asset type and asset class.”EXACTLY!