But at a $1.5M asking price, as long as you don't have to spend more than $300k in rehab (without raising rents), this is a slam dunk deal that should easily be financed  at 75% LTV by a "investment real estate-friendly" bank/credit union that is located fairly close to the properties.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Are these real numbers?

Welcome to BP - this is a great platform to initiate your real estate journey.Dive into comprehensive guides, connect with experienced professionals, and explore a wealth of opportunities that can help you achieve your real estate goals. 

Hey Colin, it’s fantastic to see someone your age diving right into the real estate world.. reminds me of when a buddy of mine bought his first duplex in Omaha.

I changed my major from Accounting to Real Estate back in 2018 when I was attending Glendale Community College.

If you spend the entire $300k restoring the property, then here is the end result:- deductible casualty loss of $50k- no current tax- the restored property has $0 basis and cannot be depreciated- when it is later sold, the entire sale price is taxableMechanics and reporting are tricky, and I would not recommend to DIY it, especially since my scenario is over-simplified, and your real scenario is likely to involve more gotchas.Thanks so much. 

However I have used some of apifys scrapers (for non real estate uses) and was highly satisfied with the value for the price: https://apify.com/tri_angle/redfin-search It looks like it’s for listed properties only?

Joining BiggerPockets is a fantastic first step – it’s where so many great real estate journeys start.

How to Start Investing in Real Estate in 2025 (ZERO Experience)Good luck, Tyler!