Hi Fellow BPers,There are a few people that have mentioned interest over the the last 2 yrs since I have purchased my 1st property.

Hello,I am currently 40 yrs old and want to retire by 45.  

It was the home I lived in for 3 yrs. the process is a lot smoother when you are buying as opposed to leasing.

Here are the details on the propertyJanesville, WI4 unit; 1b/1b eachAsking Price: $100k (Also assessed at 100k)Rent: $2300 totalLandlord Costs (Gas, Water, lawn/snow): $303PITI: $832 (after Refi with loan value 98k)Vac, Maint, CapEx, Mgmt: (8,10,8,8) $782Repairs: 17 yrs SMOKE DAMAGE; new roof; new windows; Kitchen updating - Estimated: $25kMy only comp is another seller with 4 unit; 3 units with 1 bed, 1 bath; 1 efficiency; who said they were putting on market for $160k (though assessed at $115k).

A little about me.I'm 27 yrs. old.

Haven't used a bank loan in 5 yrs now.

Water heater is at least 20 yrs old - working fine but again, it's not going to last forever.

The current rent rates for the area for a similar property is 1800, however the main reason why I am purchasing is there is a corporation lease on the home for 2700 for an additional 4 yrs (lease includes maintenance and property management already paid)Should I proceed with the deal and pay more?

My plan is mainly buy and hold so I have something to be proud of in 20-25 yrs.  

My wife and I looked into this business model 3-4 yrs ago and decided its a failed model today in many metro areas where parks lock out investors