@David Ribardo and @Joe C jump in with any edits/comments you might have Purchase Price $149,900 (50K a door rule looks good) Three units total gross/month 2239 (1% rule looks good) Fixed expenses: Taxes 2517, Trash 1125 (375/unit in Allentown unless private collection deal previously arranged) Insurance: 703 Common Electric: 519Water/Sewer: 802Allentown Fee: 225 (75/unit/year) Variable Expenses:  Vacancy: 2239 (One months rent of each place, or 8.3%) Management: 1800 (50/door/month) CapEx/Maintenance: 3000 (1000/door) Total Operating Expenses: $12,930 Total Gross Income: $26,868Net Operating Income: Op Ex - Gross = $13,938 Divide your NOI by the cap rate your looking for and you have your offer price.

In exchange, they can gift her the house in their will or a similar arrangement. 

At this stage of your life, you need a combination of liquidity and appreciation.

We have not even found our first deal yet and are truly in the infancy stages of our venture.

I would accept that arrangement in my cheaper rentals but if I was renting a house in the 2-2.3k range, probably not unless you paid the full amount up front.

Also, you are much more likely to find private money to recapitalize at this stage than a collateral assignment.

bank owned are tough... they go through SOOO many stages and long time spans before they finally take that offer. 

I currently work In the RAN (Royal Australian Nay) but within the next 2 months i'm going back to my prior AMAZING job (which sadly pays a little less as an outdoor educational instructor) Eventually i'd like to get to a stage where i'm pocketing enough through investment properties that my day job's income doesn't really matter and i can continue working where i love.I have just finished reading the Ultimate Beginner's Guide To Real Estate Investing which has given me plenty of ideas and as you can imagine even more questions.

If you still feel the need to send Brady out we can arrange that.Should I be worried?

Investing out of state is definitely a viable option (most of our clients live outside of AL), but just know that you'll need to put in extra legwork during your research and vetting stage.