Ask the hard money lenders, who creates their documents?

Create a Joint Venture agreement.

All tile floors setup to be very low maintenance. old bIIldIng but most of the major work/ repairs have been done.Building is very near a redeveloping area, in 5-10 years should be a much nicer area of downtown, but they will still be low income apts.Its unique in the fact that it is surrounded by new buildings so it is its own ecosystem, if that makes sense.. problem is that ubless you dropped serious money into it its always going to just be what it is. low income. very small spaces, would have to empty entire building drop 100s of thousands on it and re rent with new image..

Keep in mind this is not the most user friendly website lol:https://www.huduser.gov/portal/ushmc/home.html#state_mapFrom there I try to find sub markets within the metro area that are close to the median rent, have a unique draw (walk ability, close to jobs, good schools ect) and are either in the path of progress or in a very supply constrained area.

You're going to have to do a lot of homework about the #'s before you have this meeting.Then take that offer and create a package and market it off to other buyers - if you're wanting to wholesale it!

@Nick LarkinsOf coarse you should do it .. if you can manage the unique challenges associated with these neighborhoods.

Create a package and then start networking.Go to meet ups and message people around you in your area who are also on bigger pockets. 

Ideally I'd find a 2bed/2bath where I could reorganize the floor plan to create an extra bedroom. 

Are you going to focus on creating a portfolio with your own money, bring in partners, or syndications?

The legalization of cannabis in various states has created a niche in the real estate industry where the value of properly zoned lands and properties have been increasing at an astounding rate.