First post: considering a duplex in Atlanta

[Joshua Feit]

First post from a complete noob. I have been doing my research, meeting with a mentor, and trying to learn as much as I can from the BP podcast and forums. But I'm feeling a little gun-shy, and I need some advice.

I found a property that I would consider purchasing. It is a duplex home that claims to be turn-key, located about five miles from my primary residence. Each side has two beds and 2.5 baths. One rents for $600 and the other rents for $700 -- both have current tenants.

The seller is asking $145,000 but is looking for a cash offer and seems pretty motivated from the ad wording. Seller says in the ad that buyer needs to pay all closing costs.

The numbers seem to crunch pretty well, but I feel like I must be missing something. Maybe that's just fear, or maybe a good intuition (who knows?).

Any advice on sorting this out? Should I get to see inside the property before making an offer? Any ideas on making a cash offer? I am pre-approved on a loan and have a down-payment ready.

I would love any advice you have to offer. And thanks!

Josh
Atlanta, GA