I would recommend fixing it and then determining whether or not to sell based on cash flow and profit after the sale.

There are some HOA's that are in such bad shape they wont allow any type of loans and it must be a cash purchase.

Your $120K could cover a strong down payment on a cash-flowing duplex.

Long-term rentals are a solid choice, but mid-term rentals in medical hubs (like yours) can offer strong cash flow with less turnover. 

Strategies like living in a duplex or triplex, adding an ADU, or renting by the room can help maximize cash flow while leveraging FHA or VA loans for lower upfront costs.

Over the years, with personal investment alongside investments from family and friends, I’ve been able to build a small portfolio of apartment buildings with a focus on cash flow through strong operations.

Do these generally have good cash flows?

There are some people that get lucky and earn cash quickly, but they generally hide the fact that it was pure luck or how much work was involved.

The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.

Purchase price: $275,000 Cash invested: $129,000 20-unit hotel, was abandoned and had sat on the market for 3 years.