I have an opportunity to buy a duplex for a great price, under market value in East Tennessee.

Year built: 1980 Renovation cost: $5000 Built area: 1528 sq ft Property 2: Listed for $330,000 Rental estimates $2050 - $2100 Year built: 1993 Renovation cost: $10000 Built area: 1677 sq ftBoth properties are about $50,000 less than the market prices. 

All you need to know is the price & utility breakdown. 

Purchase price: $346,000 Cash invested: $17,300 This property has a front house and a studio casita.

The depreciable basis will be based on the original puchase price of the proprety plus improvements made to the house.

Basically looking for someone that's prompt, reasonable in pricing, follows through, and doesn't mind job size (big or small).Thanks in advance for your kind assistance!

I never recommend out-of-state investors buy anything for less than about $55-75k all-in or, generally, it will be in an area that has a mediocre tenant pool with high turnover and bad turns when they leave; the price to rent ration doesn't matter when these items eat up your profit year after year.For multis, it's a little different, but I typically ask them to focus on units that rent for about $500-550 minimum to have an easy time managing them and finding quality tenants. 

Getting the deal under contract at a favorable price for all parties is the biggest challenge.If you are able to obtain that, the buyer is much easier to find. 

We're developing units in the backyard of a property, with the numbers looking promising:Purchase Price: $1MConstruction Costs: $1MCost of Capital: $200KAfter Repair Value (ARV): ~$3MProjected Profit: $500K - $1MTimeline: 9 monthsTo finance this, we're raising $500K in equity and securing $1.5M in debt.

Unless rates are finally cut and prices rice, then maybe it’s a six figure mistake.