This goes back to 40k TK houses do not work because of crap area and the rehab for the TK operator to make money has to be more minimal in nature versus redoing everything and selling TK at 65k to 70k or more etc.One you are paying more but usually getting a better area, management, tenant base, and most everything is new so capital cost outlay is minimized year over year.Hopefully you didn't pay more than 40k plus for the area.

However, if we duplex down from the first floor unit (which is 2bed 1bath apartment), can we then combine the beds/baths and call it a 4bed 2bath?

Every ones had PTSD from the last crash combined with the fact that everyone suddenly thinks they are Nostradamus.

I noticed the combined land and building values are BOTH $99,075.

There are definitely some builder grade crap brands out there, so stay away from those. 

Need cash now combined with a bit of laziness and some level of property neglect.

You can take your payment as lump sum, in payments, or a combination of the two.

I remember my first purchase, as I had just walked out of the title company's offices with signed documents in hand, check handed over, and the place was mine.My only thought was: "Crap!  

I have it under contract for $92k, the combined rent is $1980, so all told, I'm predicting at least $500 a month in cash flow.

I have it under contract for $92k, the combined rent is $1980, so all told, I'm predicting at least $500 a month in cash flow.