Glad to help you connect with others in the area as well

After doing this due diligence, I would confirm with the city first, appreciate the help!

I’m considering amulti-family property in the 76104 zip code of Fort Worth, TX, and I’d love your feedback to help determine if this is a good deal.Property DetailsAsking Price: $169,999 (seller says it’s negotiable).Current Rental Income: $2,400/month (duplex is vacant).Configuration: Combination of duplex and triplex units.Some units are rented at below-market rates.The duplex and need rehab.Historical Income: Seller claims it previously brought in $5,000/month when fully occupied.ConditionBuilt in 1934, so it’s an older property.Some permits were recently pulled (e.g., plumbing, window replacements, and sheetrock repairs), but it still needs work to get the vacant units ready to rent.It’s located in a neighborhood with a higher crime rate but also near major highways and areas with rental demand (e.g., downtown Fort Worth and Texas Christian University).My Goal:I’m focused on cash flow, and this property seems like it could work if I can stabilize it.

Starting to get competitive though for investment properties because of that reason you have more and more people entering the market from out of state.

That would explain more drying then washing.

It's always a little more challenging investing in out of state (I invested out of state for 15+ years) but you can still be successful doing it. 

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

It makes lead management way more efficient since they get to focus on people who actually want to do business. 

I spend roughly $120k on my renovations, but this is for the entire property and developing the secondary suite which certainly costs more (2 new furnaces, all new plumbing, new kitchens and bathrooms with tiled floors and showers).All said and done, I personally love it.

Thanks in advance for your help!