Quote from @Sam Liu: Thanks for sharing the potential risks — it definitely doesn’t sound like a good idea.

The place wasn't properly built on piers driven into the bedrock and it is now sinking on one side but most likely the entire foundation would be in need of helical piers installed all around and the estimated cost is 580k to 980k.That is assuming it CAN be stabilized and that it wouldn't be more to fix it.Would you take the risk?

If you don’t have cash for a down payment, it might be safer to explore partners or join a group investment where you can contribute a smaller amount while learning the process.Given the neighborhood concerns, also weigh tenant demand and potential resale.

I hear your concerns, and they are valid from a risk management perspective.

Sure, no risk at all in Dubai.

I have had a few showings and  the potential tenants say they enjoy the property and wants the application, but I have yet to receive any submissions.

Subdivision Potential – Would This Matter to You?

Yes I can potentially help out with this one @Jeff Hudak shoot me your contact info and I can connect with you on Sunday or Monday. 

Treat “potential rent” as noise.If it’s not rented today, and if the housing authority hasn’t approved it, it’s not real.We only use:• Current rent (if occupied)• Verified Section 8 payment standard for THAT bedroom countNot “after you add a wall.”Not “after a full rehab.”Not “after the market improves.”2.

The city’s rent growth continues to outpace many markets nationwide, fueled by consistent demand and the high potential of value-add projects that outperform traditional landlord returns.My Personal Take on PhillyHaving lived downtown for over 20 years, I’ve watched the city’s evolution firsthand.