I'm going back and forth between feeling like I should just go for it and feeling like I should learn more before I make a huge mistake.Last of all, I want to say a huge THANK YOU to everyone who has contributed on this site.

The triplex the owner pays for everything but electric whereas on the other properties the tenants pay for everything - so the tri has about 60% in ongoing expenses rather than 50%, I would say.This guy is not what I would say  a "motivated" seller.  

Say a community has an avg household income of 50998 and the overall greater market area has an avg of 41877.  50998/41877 gives a property a 1.2 rating in economics.  

I must say a group of investors (foriegn) I have worked with 3-4 years ago on residential deals were in the hotel space in Ohio Pa and NJ.Thanks

With that aside, if you bought let's say a break even property here in Berkley and held it for years, what's the best and worst case scenerios.

Just bumping this for great justice.I'm just starting out myself, so do not take what I'm about to say as gold.

What does your property management co. say as to your ability to raise rents if rehabbed?

The better customers have personal relationships through, say a Sr VPs in the investment dept.

A hard money lender saying to split the profits if u come up with 2500...sounds like a sad deal, the reason u go to them is to borrow money not make them money, to pay them back with some interest & u make money off it.I wud decline that but I wud be interested to hear what others have to say as I havent go that far yet, but purely based on knowledge I wud keep looking!

@Stephen Barton I might not have been clear on what I was trying to say. A