If $100-$120 aligns with similar properties, then it’s a fair rate—especially considering the size of the home and the work involved.

This will be my first home purchase, and I am aiming to invest in multi-family properties.What should I be aware of when purchasing a multi-family property?

I've helped dozens of tenants become home owners through lease options.

With homes staying on the market longer, be aware of interest rates, as they can influence buyer affordability.

I've seen some people house hack a single family home by renting out the rooms, but keep in mind that traditional lenders would not be able to use the income from renting out the rooms (known as boarder income) towards additional income on the application.

Or, they flip homes, they are agents, they offer client remodel work, etc, so not specifically flippers but dabble in a lot of real estate related areas.Or, the full timers that started as flippers have since moved into new construction work more than flipping. 

When I spoke with a real estate professional, she said the home would probably sell for around $250k in its current condition.

Any guidance or tips would be greatly appreciated!

Obviously, you should work with a good agent, lender, and home inspector to assist with each phase to ensure you are getting the best deal.

Second home loan , conventional How did you add value to the deal?