I think you just have to work it in as the cost of doing business. 

I would consider staying with your parents and investing in another market that stretches your dollar and covers the cost of a professional property manager.

My 70 % rule...ARVx70% - rehab cost = purchase price.  2nd question....

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.

Throw in they are short staffed and if its less than $100M+ it will cost them too much to investigate.A state agency may look into it, but at this time - someone paused redemptions - that is not a crime even if they are still marketing to investors.

The cost would be about 500k about $250k cheaper than it would be to buy another duplex property in my area.

@Nate Pucel The depreciation basis for a rental property includes the purchase price plus the cost of renovations and improvements that add value or extend the property's life.

Work with someone who can guide you or just accept that your tuition will be paid through making some costly mistakes which is also legit if you can afford that :-) Good luck!

Interested in learning more about the Sacramento market, feel free to DM me.Purchase Price: $882,250Rehab: $260,000Holding Costs: $60,000Appraised: $1,300,000Gross Rents: $6,800 Have 1.2 into the project and it only appraised at 1.3??

That is likely cost-prohibitive.