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Nonconforming cash only single family worth it?

I have a single family home that’s made into a 4-plex. It has some city set back issues that won’t be resolved so it’ll be a cash only and all future flip or resell will be cash only.

Location: B Price: 270k cash only Rehab cost: 50k ARV: 400k Rents after improvement:$6500 Cashflow per month 2k.

I have a heloc to purchase this deal.

I guess it’s a pure cash flow play since finding another cash buyer is going be slim.

Would you do it?

submitted by /u/GoodCoffeee
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source https://www.reddit.com/r/RealEstate/comments/15tkw7g/nonconforming_cash_only_single_family_worth_it/
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