To give you an example of what exists in my neck of the woods:4 plex - 4 one bedroom units - century home - approx 700sqft each unit rents for approximately 800-900 per month on the safe side.Asking price : 649900$... 

P.S. love your investor intelligence IQ test, especially the question surrounding deal of the century, family, what do you do...

Original terrazzo in good shape is extremely expensive and very coveted, especially in mid century modern homes -- which are in great demand and growing.

We're going to need to reconfigure some walls due to the funky 1950 style and bring it into this century.

millions of people have been in your exact shoes.....Real estate investing hasn't changed much in the last century and chances are it won't in the next century.  

He's really good; he was previously the lawyer for the Century 21 office in Pasadena area and also the lawyer for my bf's mom who owns a RE brokerage as well.

Springfield was a very wealthy area in the early 20th century and then fell into decline.  

This particular house is located in the Century area North of Pensacola on the FL / AL border.

Heck, you can cut the return in 1/2 and say that you'll have $900K at the end of 6 years and it still sounds hyperbolically irrational.Maybe I'm wrong, maybe this is the deal of the century, how the heck would I know.  

Otherwise, try a personal finance book from this century instead.