Property: $145k - Duplex (50% occupancy right now) (Zillow)Rent: Found the ad for unoccupied rental at $550/unit so expected income of $1100 per month (Link to Ad)Costs: Estimated from FHA scenario (at asking price, could also assume a hypothetical price)^ Is the above calculator a good judgement of costs? 

I look forward to adding value here and getting my questions answered along the way as well.

Hey, I forgot to ad that I've been posting the craigslist ads from abroad but using Google Chrome  and Hola

I am not opposed to adding something like that to my plan, just tying to weigh everything out.  

Feel free to contact me at anytime I look forward to adding value to your company!

I know it will be hard, but I'm committed to adding one investment property this year, and grow exponentially from there.     

I need to find a virtual assistant to answer calls from sellers responding to ad and to get information from them.

To your other point regarding parking, yes, you are NOT required to ad additional parking but losing parking for your existing unit occupants could result in having to reduce the rent so you need to weigh that against the added income from the new unit(s).Additionally under the new laws, you may also convert existing non livable space like hallways, breezeways, laundry rooms, storage rooms, etc in multi family lots and turn them into added livable space so long as you meet fire code/egress laws.

Hey @Chad Lamb , The value-add specifically refers to adding value to the investment, and typically in the context of MFH I've seen it used as a quick way to describe putting "lipstick" on a property to bring rents up to market value.

I have responded to ads before from tbis particular wholesaler and he made it clear he doesn’t want to deal with other wholesalers in any way, shape or form.