@Lisa Caracciolo looks like a money losing proposition.

Purchase price: $85,000 Cash invested: $90,000 Contributors: Steve Moorhead We bought this after losing the offer on it the first time.

Spending too much time trying to catch a catfish with a bass bait is a losing endeavor!

We have had family there in excess of 15 and have plenty of glasses, plates etc for everyone.

Also I don’t want to lose these 12 units from my portfolio but I don’t have the funds to buy out my other partners. 

The rehab is FAR in excess of $500,000 or $600,000.2.

If you lose them it could be some time before filling in 3 spots 2.  

But if they lose their job too then that is a different matter.

Unless this a MASSIVE downsize (like your rental and your new home in 2 years will both be 1/2 the value of your current property this is probably a horrible idea.)If your property in 2 years will be as expensive as your current property this will be a lose lose proposition.

So if you're okay to potentially lose $5k and you think the deal has enough room, I would pull the trigger.It is definitely a challenge finding a GC that will be on budget in Tampa.