If you need cash for the rehab, best bet is to partner or find a HML.

@John Moon Assuming you're operating in the touch NJ market.

I'm betting they won't get any more than $200k. 

Your best bet is to hire a buyer's agent and he will walk you through what's needed in your state.

Josh Daniels Some is this (in my opinion) depends on how you operate it now.

This plus the fact that the building is in a rather poor state leads me to believe that the revenue from the HOA fees and coined operated laundry machines may be going in someone's pocket rather than in maintaining the building.

Considered getting meth operation back up and going?

Just to be told by all of them that they don't own it they just handle the day to day operations.

Sounds like $15k might be a generally safe bet on houses that look "pretty good"... and obviously upwards from there if adding an additional room.Property management fee: Yes, 10% was my starting rate there, but I have 4 properties in the area currently and my management company has a portfolio rate of 8% once you reach 3+ properties through them which is a nice little bonus.I should have caught the property tax difference!

Do you manage the Airbnb guests and operations yourself?