I found a multifamily home in my area that I'm interested in potentially purchasing. I've had my eye on it for some time and finally had the opportunity to tour it, however, when we arrived the tenant refused to let u...

We're rooting for you. 

For example, often fire damage is water damage--they put the red stuff out with wet stuff.

When a tenant stops communicating, that is a major red flag And you should respond accordingly.Right now I have three tenants that are struggling with rent payments due to reduced hours, COVID related layoffs, or other reasons.

@Ro B.Multiple red flags:ARV too lowYou are out of stateYou are a newbieRehab sounds too extensive (structural)Rehab could be $70k so best case you break even, but more likely you will lose money Maybe buy it from your family member and sell it to a local investor for a few thousand more.Put it this way, there’s local, experienced investors who would probably pass on the deal.

The project has barely started, but I am looking to finish the exterior quickly before winter hits (in Wichita Falls, Tx).Also, there is a significant crack in the porch as well (enclosed in red).

I've love to find a DEAL around 38th St. and College Ave. near the Red Line bus route.

SFH for our family and choose to establish roots for our little family.

SFH for our family and choose to establish roots for our little family.

Also, grant programs frequently take a really long time to close and have exorbitant amounts of red tape and paperwork required.