It’s also in a city I know very little about (Norfolk, VA) here are the numbers- I welcome your thoughts/ insights:$259k - sales Price (4- unit building fully occupied)$1460- total mortgage payment (after 25%) down $305- Property Management Feee (10%)$105- trash (total water is $315 p/m but seller bills water to tenants and has it written in the lease)$60 - lawn careTotal rents are $3050Owner says monthly expenses are low.The best case scenario is net income of $737 assuming $400 extra monthly expenses (for worse case scenario unexpected expenses which always come up) and assuming all the tenants pay their rent.Positives- - Seems to be a good cash flow if expenses are kept low and everybody pays- 4-plex is located in an 85% residential area- building is ok condition (built in late 70’s) except roof is 18 yrs old- all tenants are gainfully employedConcerns- while the neighborhood visually looked fine, according to crimemapping.com its a moderately high crime area.

You can buy at the auction, if the starting bid is low enough to make it worthwhile to bid. 

The sad thing is the Baltimore City has advised landlords that they should expect to pay $40-$75 per inspection (wildly low). 

The middle unit is 3 Bed/1 Bath & inherited rent is wayyy low at $1300.

What I do know about the Poconos is low booking window/short season for the year.

You can get in with a low as 3 1/2% down payment using FHA financing (don't need 20%). 

There is strong wage growth, low unemployment and the economy appears to be performing well. 

I have loan officers that will do under 4 units as low as $40,000.Let me know if you need help finding a different mortgage broker.

Therefore, I'd get 1/4 inch lag bolts and drive them through the plywood right into the door frame to secure the property while you find a contractor.Since I have no idea about your area, I'd start at Home Depot/Lowe's.

Hmmmm, maybe our expectations are TOO low.