Combination of reasons IMO:-some people not knowing what they're doing and wanting to buy something-some people knowing more than I do and seeing upside potential that I don't -some people's investment strategy is based on future cash flow and appreciation, they are ok with the building not cash flowing for the immediate futureBe patient and buy right.

You just have to be more patient and expect to put a little more effort into it between about Nov and MarchI'm in a suburb on the west side of Cleveland,  feel free to reach out for help or with questions any time. 

I'll sit patiently :)

Remember how House always tested for things that couldn't have been possible, if the patient was telling the truth?  

I think some of the folks replying to this thread are directing their anger in the wrong direction.The real problem is the vast number of jerks who buy bogus ESA letters from online certificate mills (not to mention the doctors they pay to rubber-stamp big stacks of these things, for "patients" they never heard of).

If you flip the property by the time you pay all your closing costs, carrying costs, ect there is nothing left for you at the end.I am a huge believer in the 70% rule for flips and for rentals, and this deal is not even close.Be patient.

Be patient and you will find the opportunities that fit with the company that brings you the highest level of comfort as an investor when you have your financial plan in place.As @Dean Letfus  so eloquently put it, we do not sell crap properties with minimal renovations and cheap property management.  

Should I be patient and wait a couple years?

The best advice I can give you, is be patient.

As you begin your investing venture it is VITAL that you find an agent who understands what you are doing and is patient and helpful.