potential investment opportunity??

[Nate Parker]

Hi everyone,

  I wouldn't even be considered new to real estate, because I haven't made my first move yet. I've been researching to the point of exhaustion and getting overwhelmed with the best approach to making my first investment. Upfront capital isn't really an option at the moment due to providing for a family and the usual living expenses. It's hard to do on a less then $30,000 a year income, but anyway. I hope to change that soon. I have a potential investment opportunity that I wanted to share and get some feedback on. Basically, my neighbor has a house that she has tried to sell for years but always ends up renting it out instead. Not sure why, the house itself isn't bad..it could use a face lift but no major issues that I can tell. It's a two bedroom 1 bath, I haven't been in it in years so I couldn't tell you much else, but I do know it's currently being rented now and the tennant has been there for over 1 year. At the time she was selling it last was in the $30,000 range. I had no interest at the time but it just sparked my interest as of late. My question is that if she was still willing to sell, can she do it with it currently being rented? Other then the legalities, would a bank or lender see this as a stable payment? Is it a good move to make? And to mention, I own a patch of land between that house and my house.