Louis (though I was born in STL).This sounds like a great property.

Never heard of Investor's Edge, but this sounds like a straight up scam.

@Mike Terry sounds like a pretty good argument to go after the property, I think your question is more along how to value it, and account for the deferred maintenance. 

Low or no down, seller financing and low or no interest with a balloon payment later is the holy grail (location, building condition, market also matter but it sounds like you have all that).

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Sounds like I am in the right market for what I am looking for both personally and professionally.

This sounds like Section 8/Voucher tenants, is that accurate?

That duplex sounds like it has some potential, especially with your plan to live in one side and rent out the other—that’s a solid strategy.

Mitch,It sounds like you've had a successful run with your rental properties in College Station/Bryan - I'm impressed!

@Brittney Yang first red flag is it doesn’t sound like he’s that interested in long term holds but the primary reason for partnership is expertise in renovation and secondary reason is balance sheet and income to help get financing.Regarding reason one, I would offer to compensate him for his time in assisting you and have a very clear scope of what that responsibility is.