2 Houses for the price of 1......What would you do?

[Rod Smith]

Hello Biggerpockets friends,

I invest in rural areas in the south and while looking for properties this weekend I was presented with a unique opportunity. A long time investor is getting older and is unloading some of his houses. He has offered to sell me 2 houses for what I was willing to pay for 1 in another town about 25 miles away, with tenants.

The catch is, the 2 houses are located in a smaller town with little growth or appreciation potential. They are also less than $30k, so I will most likely not be able to obtain financing.

My question is, if I am able to find a way to purchase the 2 properties, should I ignore the appreciation piece of the puzzle and just go for cash flow? (I forgot to mention that despite the difference in location, the average rent is not that much less)

Also, any suggestions on obtaining financing for deals under $30K?

Your feedback will be greatly appreciated.