While driving for dollars, I’ve come across a neighborhood that’s older but is surrounded by new construction.

It's a 5 bedroom in a non HOA, quiet, family neighborhood.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $775,000

Cash invested: $250,000

Great deal on a property people were afraid of.

They saved money, bought a home in a neighborhood they believed in, and held on.

Located in a beautiful neighborhood desirably close to schools, shopping and all the amenities Aberdeen has to offer!

You can use Zillow and zoom into the neighborhood and look for other recent sales and see what the prices are going at.  

If in an LLC, you do not need to wait with some firms, especially for a rate and term. 

The house is in a good school district, great neighborhood.

@Kamryn DeVaultTo invest in a duplex, consider factors like neighborhood quality, economic stability, safety, property condition, cash flow potential, financing options, tenant screening, lease agreements, future potential, legal and zoning considerations, maintenance and management, networking, and starting small and scaling.