If there aren't any massive physical problems with the property, it appears you can grow income and equity.You might be able to buy this with little cash out of pocket if the seller owns it free and clear and was willing to finance nearly all of it.  

Better sell everything and live in an underground bunker. 

👋It’s awesome that you’ve already started diving into the calculators and podcasts—those are great resources for anyone just getting started.Since you’ve had some rental experience already, I’d love to hear what you found most challenging about owning and selling that property back in 2017.

If the land is in a suitable location, this could open up opportunities for developing 2 homes or even selling off one of the lots, which could lead to a good profit.

Hello BP Community, I am under contract to purchase a new construction home as an investment property and I am the RE Agent.

Property has been owned for about 3 years now.  

BUT The points they charge and interest are both way higher than normal, on some deals I ran numbers the points and interest were going to be 20k on properties where the ARV is 100k so you have to get properties at such a low price to make it work that it is so hard.

Your son will be forced to sell or refi, and I bet you that this deal can't handle that situation. 

I'm not selling anything, just trying to let people know how it works. 

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?