Lakewood Ohio Quad- Contingent

[Amir B.]

Hello everyone,

It's been a while since I have been on here. I enrolled in a masters program and didn't have time to be on the forums. I really missed you guys but I am back.

So, my wife and I made an offer on a quad in Lakewood, OH. It's a 1 and 1. The current rents are between $450-515. All utilities paid by the tenants. Their leases are up but the property manager is being shady.

We are putting down 25% on the purchase price of $169,000.   

We are concerned about the overall condition of the property. It was built in 1900.

Should we proceed or not?

Thank you,

Amir