.- Military Presence: With U.S. military bases across Germany, local banks are accustomed to assisting service members with financing.How to Qualify1.

However if you didn’t calculate in at least some percentage of the rent for vacancy, repairs, and CapEx then eventually things will happen, such as a vacancy or a repair being needed and you will be out of pocket a much larger amount of money than just your $400.

we have had a bit of a roadblock since the duplex are listed in the city as two single family homes. we have had evaluations done before and they are worth twice as much after the repairs. do you guys work with credit of 640?  

The asking price is under $125k and like mentioned earlier, the renovations would be 50% so there are major repairs (not move-in ready). 

Our instincts are to eventually rent it and use the income for payment assistance on a new home mortgage.

As you look to scale, just make sure to hold/build reserves for when repairs come up and take your time screening tenants as you will find a vacant unit is much less stressful than dealing with a bad tenant.

Unless there is an emergency situation, take a lot of photos and call your insurance agent before doing any repairs.

Handle a few properties for other owners, minor repairs, find new tenants, and rake in 10% .

and are you certain that the appraisal is based on AS IS value and not subject to value (ie value after repairs)? 

As a PM, I'm authorized to make emergency repairs without owner permission.