Opened this one on Tuesday and saw a house for sale, built in 1997, 5 Acres partially zoned agricultural, 3 bed, 2 Bath, New Pool, two nice decks, beautiful view of the hills, $50,000I jumped on it and made a cash offer of $51,000.  

Our new to us, non owner occupied (first property) duplex has two very, very tall decks behind each unit that goes down to a creek. 

Tenants signed a 6month lease with a verbal understanding that a 20’x10’ covered deck (lanai) would be built and washer and dryer option added.  

The building is a late 70's 6 unit consisting of 1200ft2 townhome-style apartments, all 2bd 1.5ba with private decks, off street parking.

Not ready to do anything with real estate other than knowing it's in my deck of cards and the reasonable thing to do now is spend my sweat equity in learning.Shout out to the FIRE and personal finance subreddits, and where credit is due for bringing me here, Graham Stephan's youtube channel.That's it, back to work.

I own and live in the identical 4 plex right next to this one.Well one of the tenants in the building built a deck in the back yard.

as always, i spent much more than i thought initially. i am really bad at estimating. i use cheap labor and i still can't keep it within my initial estimations of 14-16k. i had to do concrete (had no idea it had a rotten deck and sloping porch). so i spent around 22. so my total cost is ~86k. i think i can get around 110k right now in that area.but i dont want to sell. even if i spent too much, i care about those monthly checks that come in rather than a one time check. i can quit my job with those checks, i can't quit it with just one check of 30k.

It needs a small deck replaced and siding, which off the top of my head would be around 16,000 for all the work if it is done be a contractor.

It had lots of work recently done, including a new HVAC, just needed a weatherproofed deck out back.Our offer was higher than I was planning, but the numbers still worked ($850/month after property taxes and insurance) so I decided that this was a risk our family could handle for such a quality property.And then Thursday we got the inspector's report. 

Its market dependant but I just got two quotes for a 23 square roof for 30 yr, tear off and replace, flashing etc 5200 and 5700Both outfits charge an extra 65 per sheet for new decking.