It was a part time thing for them as they run a business as well, almost 6 months of that time they were held up with some planning issues, it takes a little longer to get approved over there and they were denied for the initial planning. so the place sat for a while with no work being done!

The fact that they so quickly were willing to give you $8,000 in repair credit tells me theyre scared youll run.

I have run the numbers and the property will cash flow very well after rehab using conservative numbers.

If someone tells you they have not, run. 

I understood mine was a small project and figured bigger more lucrative projects were bumping me to the bottom of the pile.Around April I started running out of patience.

It's the struggle between being a caring, compassionate human being and running a business.

In Lincoln, RI I not only ran into an additional Fire Tax on the property but a Fire Tax on the vehicle AND a $100 per unit Sewer Tax.

Obviously depending on the specifics, which I am still waiting on a call back, is it worth taking a run down, disorganized property that isn't anywhere close to its potential and putting the time and money in to develop it into a nice community?

If you live in one small unit and get a type 1 STR permit, the numbers i have run are $80k-$130k year income.  

The other 3 charge around $700 a week for a nice room with 2 beds and access to a pool, weight room, and free breakfast.So I charge $400 for 2 bedroom places that are as nice as the $700 a week motel, but people can cook, do their laundry, have their wife visit, shoot a bow & arrow in the back yard, process a deer in the garage, work on their vehicle, etc.