Each person's risk tolerance is different, people feel differently about cash flow and the costs of an LLC, etc. 

The asset has great potential and is in need of a severe makeover (mainly cosmetic)... there are duplexes in this area that have sold for the same price point with similar units.This deal is a JV with a fellow investor our firm is close with. 

People have forgotten about that since the big flood several years ago. 

I used to live in Baltimore and have several friends that are actively investing there.

I have a few single family homes in the area and have had several multi families in the past.

There's too much risk to ignore potential red flags.

I'm in the Lehigh valley and we've found it more cost effective to just do a tub replacement on several of ours lately. 

I have a furnished 3 bedroom house that I have listed on several of the platforms - Zillow, FB, FF, and Airbnb.

Unless there are holes, deep gouges or black stains from dog urine, I would sand and coat them with several coats of poly.

Just know the first several years and in general it's an appreciation play.