I'm looking to get into wholesaling but of course looking to be an understudy if possible of someone in the area until I learn how to effectively perform the transactions.

I would like to put together something to calculate how well my current property is performing financially.

It will boost my confidence in that area. 

And there is some sort of plastic plumbing that was used in the 60s or 70s and maybe even the 80s that didn't perform as expected...it is garbage.

I think just increasing rents on small units should boost monthly cash flow to about $230/month.

So if the buy the building and after rehab they are into for a 9 cap then they can price above 5 cap market at a 6 cap and it flies off the shelve.Just buying existing cap rates for performing stuff it doesn't work unless you are just holding for tax write off and retirement.

That's an awesome boost to your confidence.  

We're hoping to boost our capital by getting into flips and maybe wholesales.

Seller allowed us to perform inspection(for information purpose only) and we discovered few issues(window not shutting down, paint peeled off in bathrooms, exhaust fans in both bathrooms not functioning).

Therefore, if you can buy in a way that ensures the cash flow side of things is performing well, it won't matter as much if it appreciates or not.Good luck!