If the income side (rent) isn't secured, why buy it?

But, that's other side of POTUS election so who knows, maybe there is no care how that comes out in wash. 

Purchase price: $285,000 Cash invested: $135,000 Side by side 2-family properties (4 units in total), which needed either updating or a full build out.

He says it's in good condition, could use AC and a heater, maybe some new siding but otherwise in good condition.He has a renter there paying $1600 month to month who wants to stay but has no long term lease. 

This really depends on the real estate investor, how much time they have, if they’re financially savvy, and if they can figure it out on their own without making mistakes that will cost you $$$ in the long run.Yes, expenses on the Duplex expenses need to be prorated between the side you occupy and the side you rent out.

On side note; the bees never made it home, but "they were trying to get in their home according to him.   

Wait. let me try to paint a picture for you.If you were blindfolded in the middle of a city and randomly picked people BLINDLY, you would have FAR MORE chance of getting a motivated seller compared to targeted lists.WHY?!

Side note, good to see another Michigander.Yes, you can make positive cash flow and not pay taxes. 

Even doubled sided transaction the responsibility of fiduciary is in your favor.  

I have more pics where only able to post 2 per post.Based on our visual structural inspection of the referenced residence, all the roof framing and themajority of the residence should be rebuilt except for structural members on the front side whichwere addressed in this report.