The main problem with negative cashflow properties is this. 

A grand negative cash flow is not the issue.

If both houses were sold in 2024 then the loss will negate the profit from my understanding.

Due to the market conditions I wanted to have a good amount of equity in the building so I only refi'd 50% of the purchase.

I only spoke with one person so far and they scheduled for more information gathering/ rental investment calls from them this upcoming week.

I would appreciate any positive or negative comments on your experience with this investment opportunity. 

I'm looking around to find some investors to take it from me and just feel a little lost with dispo, i want to make my deals super sweet sugar coated cherry on top for all my investors on my list so what i ask is if you can rip apart this deal for me and make sure i have enough meat on the bone for my investors, below are the statsFirst off address, 1011 Richard Bell Ave Perry FLPurchase price $110,000Seller says the bank is willing to let go of mortgage for $91,000ARV $180,000-$200,000Needs new roof (20 years old) and central ac system went down about a year ago (around 4k for 3 ton ac)Ive been in roofing for about 2 years and im estimating the roof will cost between 18k-20kI take constructive and negative criticism very well and i only want to improve, no opinions are unwelcome i want full scrutiny with this deal please. 

People wanting to be wealthy know better.I have a unit that cash flows a NEGATIVE $700+ a month.

I personally wouldn't buy an old home as a rental, I only buy 1980 or newer for myself, all of my properties are in the north part of Gilbert built between 1985-2003.

To be brutally honest i don't care if it's at cost, below or above, I only care what it is exactly and how much.