It will also depend on whether you are having this done for you or if you are going to be the one swinging hammers, bending conduit, and hanging drywall. 

If you want the property, hang in there.  

I don't want to tie it up and then leave the seller hanging because I couldn't find a buyer.Here are the details:Main House - 2,500 sq ft - Flooded with about a foot of water about 6 years ago, seller was not clear exactly when.- Home was damaged by a fire in the kitchen. 10x10 uncovered hole in the roof for about a year.- Home is completely gutted down to the studs per seller.I have not inspected the property on the inside.

That's really inspiring how you managed to hang on and turn that property around!

I throw away flyers and will hang up on people real quick, much harder to do when they are looking straight at you. 

In person it was a whole different story, bad crowds hanging around and just overall you can tell its a bad area to reside in.

As for the property management (PM), it will be awkward at first, but you will get the hang of it.  

This is what I have found:The property list is released and there seems to be many good candidate properties.You start checking out the various properties and find that some are just crazy such as hanging out over the freeway or have no access to the property and the owner of the property that had provided unpermitted access has placed a wall of debris blocking the access. 

Im going to rent it and keep my cash flow”I hang up and bow my head in despairMonths later duplex is still vacant.

Still, there are a lot of people hanging on to the hope that it will save them.Now that you have decided to raid your 401k so that you can build wealth and defer income taxes indefinitely through real estate, you must tread carefully.