Estimated Market Value: $290,000 to $330,000One of the most satisfying aspects of this investment is that the duplex is now operating at break-even, and we managed to secure it at a 10% discount below market value, showcasing the value of strong relationships and strategic decision-making in real estate investing.This deal exemplifies the importance of being adaptable to market conditions and leveraging existing networks to uncover hidden gems in the real estate landscape.

Additionally, research the local market dynamics, economic indicators, and property management options to ensure you're making an informed decision.It's also a good idea to consult with local real estate professionals, property managers, and investors who have firsthand knowledge of the market and can provide valuable insights and guidance.

We either make improvements to the property, add money to the 3 month reserve account if theres any gaps or add it to the cash flow for the year.  

well at this rate they will get this stuff cleaned up.. now is the time to purchase one of those for a deep discount :).. 

Additionally, since this project is already in flight, you run the risk of mechanic liens taking priority over your loan as they can backdate the lien to when work commenced. 

Have you investigated whether zoning allows you to add an additional unit to your property?

Since I am targeting on 4 units multifamily with FHA loan, I assume ~75% rental income from addition units can count in.

@Dave FosterThank you for contributing additional information regarding DSTs and 1031s.

Require that they name you as an additional insured on their poliyc2.

@Kyle Pierrehumbert in addition to checking out the Zillow suggested rent, what comparison did you do between your property and nearby competition?