Hey I also took a big chance about a decade ago buying a package of nine buildings that no one wanted. They were fully occupied, no leases, as-is where-is, no

Hey I also took a big chance about a decade ago buying a package of nine buildings that no one wanted. They were fully occupied, no leases, as-is where-is, no FHA, poorest zip code in the state, democrat city. I had boots on the ground on day 1 and it felt hopeless at times. From people setting up lawn chairs in front of the houses to deal drugs, to packs of homeless loitering on the front stoops, to getting fined by the city for things out of my control, etc. I managed to exit 2/3 of the properties by seller financing to the tenants I learned were cash rich, credit poor. Also the values eventually shot up because another investor started renovating the abandoned mill buildings into loft apartments.