.$450/mo paymentAnnual Income: $14,400Taxes (at max) is $2,000/yr.....Insurance is $800/yr.....$1,200/yr reserve for repairsNet income: $5,000/yrShould I go for it?

@Max T.Hello Max, I should have clarified.

Was Foreclosure,Now RE/MAX is handling it

I was thinking of doing research for properties similar to the ones he has developed. find out the population facts in that area and then suggest a development that might work well in that land. i even know how to use auto cad and 3ds max, i was going to make a rendering of the development i had in my mind, even a branding identity for the development because I'm also really good at branding, i used to free lance. 

I just put in the max I will pay, let them bid against me. 

Bankers are not priests with sole access to God.  

Example, if you have a $5,000 income, 29% house max is $1450/MO.

I already have a security deposit from Tenant Alpha’s move-in equal to 1 month’s rent, so to collect a “double security deposit,” I assume the max I could collect from the brothers is another deposit equal to 1 month’s rent and NOT one equal to 2 month’s rent???

And is pretty much the max I can afford at this time.Details:Single family home converted to legal duplex2 units both have 3 bedroom, 1 full bath, kitchen. 

@Brent Coombs $130,000 is a semi-conservative ARV; max is $140k and minimum would be $115k.