If it's true I can cash flow there WITH a property manager in place, and it's at least a B neighborhood in terms of safety and tenant quality, then I will run, not walk, to invest there (I won't live there most likely).

Long road ahead but I can't wait to walk it! 

@Michael Brittner we have been hosting a meetup that walks through a rehab of an actual home, next date is Oct 1st. 9:00 am, 178 Enwood, Should be complete, will run through the process and numbers. 

Well the home is still in the banks name and the buyers have walked , plus i am not hearing back from the title company....Not Happy in Penna.

I only walked 3 houses in 2 months, but #3 was the one!

I have not walked the property yet but there is a 4 unit building that has in unit laundry accessibility.  

The roof, master shower, and carpets throughout need replaced, and although the property is structurally in good shape and the AC\HEAT is in good condition, the house has never been updated to today's modern look.I want to walk away with 40,000 in cash but I am afraid that after the projected closing costs of $13000 that include the realtors $9600 commission I wont get the $40,000 because it needs a roof, shower, and carpet.   

My parents had a god awful marriage and it really made the idea really unappealing to me.And I don't want kids until I am financially independent because as harsh as it may seem, children are just walking liabilities.

Question:  If someone told you that there was brand new construction, within walking/biking distance of downtown, for a list price of $1.3 million, would you believe it?  

It's a 2bedrooms/1bath over 2beds/1bath over a fully refurbished walk-out basement.