Need advice in Marshall, TX

[Mark Whitted]

Hey! We live in the DFW TX area (Allen) and my son is starting college at ETBU in Marshall, about 3 hours away close to Shreveport, LA. We've been to Marshall a couple of times, including yesterday to help him move into his dorm. We have done a quick drive through of a couple of areas that might have decent investment opportunities. Yesterday, on our way back from lunch, we came across a duplex downtown that LOOKS like it could be an awesome deal. But I have no idea where to start. I looked it up in Realtor.com and found a bunch of pictures. It needs some TLC, no doubt. But the floors look fabulous and it doesn't look trashed out. The first thing I would want to do is have it inspected and have a contractor estimate repairs. I would also need rental comps. It looks like it could be a diamond in the rough in a good area. But I'm wondering why it's priced so low. It was listed low in May and recently dropped even lower. It's been on the market for over 100 days. Does anybody have contacts in the area that might be able to advise me on this?