The last improvement or worthwhile repair was in 1997, The uncle really let it go…Linval- Your right about the family part, I didn’t want to type to much in the initial post, but I keep going back to the numbers because the money that the in-laws get from the sale will get the 3 brothers who are essentially squatting in the other property to move out.

I've not had much luck in locating like minded people who are more interested in investments versus selling a dream.

Not much, but I figure it's a good learning experience and it could be easy money.I've been thinking through exit strategies in case this buyer falls through and for some reason we can't find a backup:Potential Plan B: Minor Flip / Make improvements to improve it's appeal. 

Not much, but I figure it's a good learning experience and it could be easy money.I've been thinking through exit strategies in case this buyer falls through and for some reason we can't find a backup:Potential Plan B: Minor Flip / Make improvements to improve it's appeal. 

It is cash flow positive, but my belief is as it continues to appreciate, the cash flow will improve.  

But looking around Google Street View it seems you may have over-improved for this particular neighborhood.

What are your thoughts on that versus the partner route?

Mike H,You mentioned that I can get a commercial loan to get 80 units for example, are you saying there are less restrictions on commercial loans versus conventional loans?

These assets normally are in need of a capital improvement campaign and/or a serious management turnaround.

It worked out ok for us.I did some landscaping which I liked when I lived there, but it was too high maintenance when we moved and I managed it as a landlord.I did some "home improvements" because we were excited about our first house, which in retrospect did not help might have hurt the rentability.One year after we moved to a house, my wife got a job offer out of the area and we moved.