The property consists of 4 structures - 2 duplexes, an SFR and 2 car garage, and has 3/4 of acre.Here is the link to my analysis using the BP calc assuming a $455,000 purchase price and below is quick summary.https://www.biggerpockets.com/calculators/shared/260799/874435c9-b77f-4f96-a3de-90be11c4cbbaThe asking price is $475,000, Assumed purchase $455,000.I've assumed $30,000 in repairs as a place holder (TBD)Current Rents total - $4,700 + an additional $75 in income from laundry machines _ According to listing broker.Taxes are $5,868 (verified)Insurance $4,500When factoring in other expenses - landscape maintenance, water, elec, vacancy, repairs, cap ex and PM I end up with $610 in cash flow.

Weight that against the cost of just having someone come out there sooner, and you might find it's a wash. 

@Mike Flora  I was at J Martins last Oakland event.. and Bruce Norris did the keynote and I sat with Sean at dinner.Bruce likes SFR and half the Q and A for him was exactly that when is the crash coming and how deep will it be.his comments now were geared towards west coast but I do believe they are germane in many markets.He feels a market is not heading down until 20 to 30% or more of MLS is foreclosure acitivty or short sales and in our area that boat has sailed.. there is very little of either.He did mention though that he felt MF was  to use his words  " FROTHY"  his statement was when he talks to other MF owners and ask them would you buy your property for what you could sell it for today or a like kind one.. it was a resounding NO.. which to him or his point was he felt it was over valued and at some risk for moving backwards.. and from my VERY limited knowledge on MF I suspect that only happens in an over build situation to many doors not enough renters and you have rental bonus wars..

.- Rates stay the same, it's a wash. - Rates go down, you refinance and harvest the cashflow improvement.

When I looked at it a few things jumped out at me; it looked like a manufactured home but it was stick built, adding to the look was a 1 X 6" molding between the "skirting" and the house proper, that was painted a clashing color, it was a 2/1 but there was an 8' X 14' laundry room that was crying out to be a 1/2 bath. 

How do these guys even get groceries, do laundry or whatever?

Now, this guy had a great job, dressed in a suit all the time, but wasn't a very good tenant, was he? 

I added the 1st floor bump-out so the rear of the house would align with the 2nd floor bump-out, to make a laundry room.

Was he living in a mansion?

If your highest tax bracket didn't change from one year to another,  it is pretty much a wash.