The beauty of this second purchase is that is is located in a better neighborhood where the residents are longterm tenants/homeowners.

high crime drugs and predominatly rentals.. no hope of selling to owner occupied folks... as they don't want to live there either... in our area there are NO true D areas all neighborhoods are filled with owner occs unlike much of the middle part of the country or the big eastern rust belt cities.

I think it would be an ok block for a buy and hold, but that block does not have the ...not sure how to say it...the beauty of some of the other blocks, thus will not draw the higher prices some of the other blocks will draw.One thing though to be aware of is where the historical district boundaries are.

Also, understand that income property is not a true asset - the tenant who pays the rent is true asset, the property itself is a liability, especially when its vacant.W2 people want to own stuff that's paid off.

Did they have ANY true interest in the property?

Today I wanna to introduce myself young motivated man I'm 18 years old loving the world of business and making deals I have my bachelor and I hope that one I can achieve my dreams and make it truth I don't want to stay stressed whole my life and watching people's they dreams come true and me I don't fight for what I want so I saw it I will work it and if Lord want he will help and I will get it I will do my best thanks!

Since the entry cost was low, it was easy for local Real Estate hucksters to buy, do crappy rehabs and sell to out of state investors has a "look at these #'s to good to be true" type of scenario.  

@William Futch if it is a true private lender than it is whatever you can negotiate. 

I'm not willing to take on any partners so I'll look other routes if this is true.

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