I just could not go much over that to make the #'s work.It needed a roof and siding along with all the needed kitchen, bath, floors, and paint.So to the next one.I will continue to search for the good value and not just jump at something that is a loser

Ben G- Interesting you mention about being a pioneer- I've had the same concerns, but I continue to look at a specific area of town like you describe.

I hope they continue to do so, because tenants will leave their unkept units and move into mine.

Will the seller continue to make payments?

These will generally continue to fall into disarray for at least this decade, I suspect.I just came across one that looks just sooooo tempting.

We're now working on our first flip, and are planning to sell our current home once renovations are done, and move into a small multi-family closer to my day-job in New Orleans.We'd love to connect with other investors in both the Mobile and New Orleans area, or really anywhere (we like to travel) and continue to grow in the REI field.

Continues success!

I continue to be impressed at the valuable resource of BP!

Should I even consider continuing trying to pursue this property?

If you're just starting out and are short on funds, try wholesaling for a while until you have enough cash to invest in buy and hold.Once you start buy and hold, continue wholesaling as well for cash to buy more buy and hold.Once you get to, lets say 10 buy and hold properties, and have been wholesaling as well, maybe it's time to do a 1031 TDE into larger multifamily (think 50 doors or more) where you can control the value of the property better.