Risk free and cash out of pocket free, and a heck of a lot easier to get a homeowner to yes to the offer.

Paid market plus to only do a complete re haul on the property.

Hi Varun, This is a great question, there is never really a bad time to invest if it's for the long haul.

That is definitely a question I've toyed around with my mentors and investors. 

If you are in Buffalo for the long haul, you feel your job and pay are steady, and you feel ready to take on that responsibility then yes I think it's a great idea.

What I always tell people is to start from printed materials, used books from reputable publishers that editors and fact checkers have looked at, before they haul over to the Wild West of YouTube.One channel that does stand apart in YouTube is Ask This Old House, and the reason is that it's public TV and your taxes paid for it to be the treasurehouse of vetted, reliable information that it is. 

I would bump your expenses to atleast 800/ month between 2 units of utilities and averaged maintenance and vacancy over the long haul as future gas prices, water charges, and maintenance could go higher. 

If the numbers worked you would be having your tenants be paying down a appreciating asset.We are in this for the long haul.

When I first started I knew a guy that did general handyman things, equipment trading, hauling, etc. 

@Kyle Kelley   got it then I think its your call on the 6k over the long haul and at such a cheap price point if your getting what you think is a great deal then your good to go.. could you do better if you said no?