So I will be walking the property tomorrow to see what it is like inside the home but yesterday I went to drive by and see the area around it.So a little about the home first:Just over 1000sqft (decent size starter home I think)asking price is high given the condition it is it so shouldn't have an issue getting the price that would make the deal workVery outdated homeEssentially no kitchenRoof and exterior seem to have been updated in the last 5-7 years (will find out tomorrow)Has a two car garageVery little yard. 

Matthew John IMHO buying from the MLS or similar sites in this cycle is almost a non-starter.

I know Realty Mogul does, and I know the owner of Real Starter will give you a call if you have any questions, and I'm sure many others do.

I'd recommend for starters listening to podcasts and reading books that focus on rentals, and buy and hold strategies. 

For my first home, I'm debating whether to buy a duplex, which would range around 400-500k, or to buy a 200k-230k 1 bed 1 bath condo in the burbs for starters. 

Hey guys and gals I'm new to the forum and put together a list of 10 questions for starters (I have plenty more...).

If you can get a decent 'starter home' that the numbers you gave work for..

Just for starters I live in Queens, NY and housing here is very expensive. 

Here in Dallas it's a tight market as well and prices are increasing, so you have to put a premium on your ARV... maybe a factor of 1.2x what the comps are telling us.The old ARV x 70% - Repairs model is a non-starter in most markets right now.  

For starters we plan to connect with other investors that work with wholesalers.