Any good agent can do a CMA (comparative market analysis) to tell you what the property is worth.

Do you guys suggest getting an LLC prior to attempting our first deal?

There is a lot to consider prior to advising.

That is like a 5 or 10k house in residential compared to commercial.

As I see it, getting this tenant out is worth much more than $18,000, and I would be willing to pay at least double that if I was looking at an otherwise good deal.Based on what you wrote, it seems unlikely you will get the seller to agree to deliver the unit vacant, or the tenant to agree to leave prior to close, so this might end up being a pass.  

If you are looking to learn about real estate outside of Killeen, I'd suggest finding a comparable expert with a verifiable real estate portfolio.  

Would love to hear of any other great tools out there.www.rentometer.com - compare rent for a specific address to the surrounding areawww.rentlingo.com/where-should-i-live - heat map for desirability of specific areaswww.areavibes.com - provides info about desirability of areas. 

He briefly mentioned the Right to Show Clause: that the buyer reserves the right to show property prior to settlement for purpose of selling, renting or leasing, and the seller agrees to permit access to buyer at anytime up to date of settlement.If anybody has any experience with this, I would love to pick your brain and learn how I can utilize it.Thanks!

I'm going to be a data geek here -- have you guys seen any sort of 'gentrification index' to compare how much gentrification is going on in different neighborhoods across the country?

Hi @Jayraj Jog,For your "case for self managing" question, I have a few anonymous-ized appraised Operating Income Statements that you can line up with Loan Estimates to play with if you want actual numbers from actual deals, so you can compare/contrast with what you're evaluating.