I didn't take a video walkthrough since there were tenants with us but it was a decent space that wouldn't need a ton of work, but definitely some cosmetic and aesthetic rehabbing.I believe Michelle asked a question about purchase with tenants - Sean answer this one.We also discussed why it's important for us to be investing in this area, though sometimes dangerous since we go as a group it's less of a threat for us.  

I thought I already knew, but being new can be dangerous. 

As you will find over and over on BP, it is VERY dangerous to assume PITI-Rent=cash flow...you're positive cashflow is really negative when you add in these major expenses and vacancies.

What are the dangers I should look for (if any), or should I not do it at all?

Given the tone and the subtle gaps in what was shared I felt there was more sales than substance.

I'm still waiting for some substance.

Trash pickup is a particular concern.3) You must make more frequent visits.4) You must have clearly defined eviction policies and move on a dime to begin the eviction process.I have an article on "The most dangerous tenant" on some article sites - check it out.

Attempting to advise them in legal and financial matters is dangerous, surround yourself with experts, don't try to be one. 

In this special LIVE webinar you'll learn how to find, analyze, and finance incredible small multifamily properties, as well as the dangers to be aware of before you make any offer! 

Forgive me for saying this, but right now, you are a danger to yourself.