Some conventional lenders won’t finance it either depending on how bad it is.

We gave buyer 5000 credit I'm not counting holding cost because we were living there, so that was our cost of housing.We lost about $400, but that's not too bad since going into it we weren't thinking about a flip.

One is comparable in size and only .50sf but it’s in a bad location.

Cons - you may end up with a bad property manager and deal with more issues.

I've had bad luck with supposed property managers who can talk the talk but not walk the walk. 

Will report back on the quality of the information received.

Kevin didn't like the fact he thought I was the bad guy for keeping $15K of his profit when he owes me $190K still.

I find it easy once you understand how to pick quality tenants and handy man of two.

If you spend $2,000 on improvements, will it justify a higher rent rate or a better-quality tenant?

I'm currently looking at a house in Raritan, that is in very bad shape.