I'm considering making an offer on a property that is listed as a 2 bedroom 1.5 bath as a long term buy and hold property to add to my portfolio. 

I would check the events page in your area for meet-ups on BP, I would check for local meet-ups in meetup.com, and I would get coffee with as many investors on this site that are in your area as you can to get the ability to showcase what you are willing to bring to the table for them. 

Looking forward to the knowledge that you vets can provide!! 

Are all the AC units new/er or are they all on their last leg. 

But even if they file, they have to make all payments afterwards or can be evicted. 

A bad foundation can tank your deal—don’t wait until it's too late!

Whose name is on the loan?

@Seth Gordon why don't you list your 3 top questions here, so we can assist you?

Just know that you won't make any money on the land for a very long time in most cases.

Would it be wise to use a HELOC on our current residence to use for a down payment on a new property You can make $ investing anywhere.