First Deal Rehab

[Curtis Hummel]

Hello BP!

I believe I have found my first opportunity right across the street from the apartment I'm renting. This house seems to be neglected as I hardly ever see it occupied by renters. Many houses near by are split into multi family but the average single family in the area is $120,000. Location is excellent for both markets.

This may be jumping the gun a bit as I have not talked to the owner, but I know it is almost always vacant and it obviously needs renovations but it has huge potential.  

Given the right deal would you guys try to turn this into a residential multifamily or flip it?

Any input is appreciated! 

Thanks,

Curtis Hummel