Took extremely longer than it should have to renovate and rent out.

This is obviously an extreme example, but highlights the fact that there are dozens of reasons as to why a commercial strip center could be failing, regardless if it's from micro or macroeconomic factors.

Hello...Im new to the website...But a friend of mines told me this would be the place to find legit investors interested in investing in Real estate...So here it is...I found a multi family property with 16 units in a high demand neighborhood close to beautiful downtown orlando...Its 100% occupied and rent is $1,159 a month... they are asking $2,320,000 but that might be negotiable...Now I did the math and the property would make $17,600...Minus taxes,mortgage,and manager salary...you would end up with $6000-$7000 of cash flow...Thats if i get a good deal on the investement capital which would be paid back in 30yrs with $200,000 added to the initial price of the property...Now im extremely new to all this..and was looking for any insight on how I can execute this deal?..

Looking for Motivated sellers in the Chicagoland area???

There may be an opportunity to fill niche housing such as tiny homes or green homes but there are companies working those strategies already in Allegheny county. 

This will be my first big investment and I am extremely nervous about buying it and watching it fall apart and fall into a money pit any suggestions on what to look for out and inside of the duplex?

Tiny loan $50K to $80K expect 8-10 points and higher interest rates 10% to 12%.Smaller the loan, the more you expect to pay in points and interest.

I am sure you have seen this Extreme hoarder situation..

However, if that area is being passed over for other more progressive and upwardly mobile (pun intended) areas I'd proceed with extreme caution unless you want to end up being a slum lord.There's an age old adage in this industry, "The higher the rent the lower the value of the home goes".

Im not extremely knowledgeable with markets outside of my area here.