[Calc Review] Help me analyze this deal

[Chauncy Gray]

Hello Everyone, 

I am brand new to real estate investing, and I am looking for guidance from investors who have invested in small multi-family properties, as I am analyzing a duplex.  

The duplex was last renovated in 2017, with the exception of the basement. I will find out more information about the exact condition of the property this week following the property tour. I want to share some of the concerns that I have:

1. I analyzed the property tax based (2019) on the information given from the MLS. The question that I have is how much is the property tax going to be in the future, and how can I forecast it?

2. According to the MLS, the property was built in 1893. Although the house was renovated (not a gut rehab, if I am not mistaken), how will I know if there are any foundation issues due to age?

3. I am not able to finance the deal myself, so can I use a hard money lender to make the down payment (20%)? What are some recommended ways to structure the financing? I am also considering forming a partnership. 

4. I do not have any exit strategies, but may I ask what do you recommend? 

I appreciate any advice/guidance that you can provide. Below is the link to the report from the rental property calculator. 

Thank-you very much. 

View report

*This link comes directly from our calculators, based on information input by the member who posted.