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Updated over 3 years ago,
Advice needed for duplex purchase
I’m located in the Midwest. Looking at a duplex in a C/D class neighborhood. House is pretty beat up. Built in 1895. It is currently rented with both sides occupied. Total rent 1900 a month. Asking price $99,500. Obviously, cash flow is very good. I will be using property management. This will be my first property.
I was considering making an offer contingent upon inspection as well as verified rent roll.
A few of my concerns are:
Will this be a major headache and not worth it?
Also, I am a physician and a little worried about personal liability.
Thanks for your input!