That seems more than just a RE investment: To me, the casino aspect of the investment would require specialized expertise (knowledge and individuals in place to make sure the business is a success) that seems to be a greater risk than the RE side of the deal.

Financially this deal makes sense; however, I am concerned with the safety aspect… I must live there for a year since I am looking for an FHA loan.There are areas close by that i know can have criminal activity but I am uncertain about this specific area (1-2 mile radius).

It was very childish and unfair of me to “sneak” out in a way "This to me was the biggest aspect I was concerned with handling wrong, so I feel somewhat relieved that I can begin taking things into my own hands and get this property cleaned up and back on the market.I really wish there was something I could look back on and know that I made I mistake on in renting to her, but overall I could not find this mistake in the background, credit, references etc.

It was not only overleverage it was OVER SUPPLY  we all saw that.. so more to than just that aspect.

You’ll gain valuable experience in renovations, property management, dealing with tenants, and handling the accounting and taxation aspects of long-term rentals (LTR).You can repeat this process with another duplex or scale up to a fourplex.

-repairs and cap-ex can be the most challenging aspect for new investors, there are no standard rates that will work across the board. $200/mo is a safe bet for a SF of this size for cap-ex, and your repair estimate looks ok.

Keep in mind you'll be affecting other aspects of your life.

Becoming an agent can be great, but I would say wholesaling is just as good if done right.Here are what I would say are the two most important aspects to successful wholesaling, coming from someone who hasn't successfully flipped a contract but who has bought multiple deals from wholesalers:1.

Highlight the best aspects of the home in the first few photos (not the dead grass).3.

The appealing aspect here is the ongoing population growth and other economic factors.