It's still going to be a risk/gamble, in state or not.

If I'm going to gamble, I go to Vegas.Zach Schwarzmiller on gross income of $76,896 on your 12 unit building, you're projection NOI of $51,983 or 67%.

Anything else you are gambling/hoping it will turn out OK and not be an issue.

That said, given that i am going to create a life for myself inside the real estate industry I thought this would be something worth changing.Im Ben, 26 years old and I'm originally from near Cambridge in the UK.

If your goal is simply to "gamble" on appreciation ... then hold it and deal with headaches of remote ownership/management. 

So, we(the whole family) leased a castle for fifteen years, in UK.

That being said, I won't gamble that property values will improve significantly within the next 5 years as the true improvements are taking place approximately 5-8 blocks southeast.I am going to check with the seller re: a second mortgage to see if thats an option.Seller purchased in 2014 for $100K in 2014 and prior to that, the property was sold in 2009 for $82K.  

You didn't really say what you are trying to accomplish (ie long term buy and hold, instant cash flow, gambling on appreciation) with your real estate investing.

I can live with that but it is a gamble. 

The numbers make sense somewhat now, but the big gamble is that this location will be a great target for appreciation.