First deal since joining BP, thoughts?

[Michael Balcom]

Hello BP!

I hope wherever you are right now, you are having an amazing day! I am working on a deal and need a little help. This is my first deal since joining bigger pockets and study real estate like my life depended on it! Below you will see my calculations for a duplex in South Florida, concrete block, 3/2 on each side. This would be a buy and hold investment.

Here is a link to the report as well:

View report

I was texting with the seller yesterday (FSBO) and asked him the following questions:

1. What is each side rented for and for how long?

2. Do any repairs need to be done?

3. Why are you selling this property?

This was his response :

I looked up the tax records and he bought it in 2009 for 83k.

I am thinking of offering 190k cash or 215k with seller financing. Please let me know your thoughts on all of this. I am open to any and all suggestions!

Thank you,