Purchase price: $28,500 Cash invested: $178,000 Sale price: $250,000 Bought a 3 unit riddled with drugs or prostitutes from the city at the tax auction, spent a year gutting and consolidating all three units in two structures to a single-family home with an exterior side entry garage.

  - Rents in my area for a 3/2 SFR are 1,800 - 2k per month (probably closer to 2k for a brand new house); so the land + house cost is going to have to be below 200/220k all in to make the math work at current interest rates. 

All the power to you!

First of all welcome to the BP Community. 

Quote from @Patricia Via: It's hard to answer without knowing all the specifics. 

All 3 duplexes were turn key?

All are being used as LTR and managed by local PM. 

All the best!

It really all depends on the amount of risk you want to involve yourselves in. 

Hi All!