For example many properties in our market sell between $50 and $150 per square foot, where in other cities with similar populations may sell for $300-$1,000 per square foot but the rents aren’t necessarily 6 times higher!

Purchase price: $99,910 Cash invested: $56,000 A fixer upper 1,666 square feet duplex: 2bed/1bath and a 1bed/1bath built in 1950s.

I have in the past year or so taken major steps in cutting costs and budgeting to get out of the red every month, and to slowly pay down my debts. 

If you need 200 square feet of drywall replaced, they will tell you what the price is to put down tarps, replace those 200 square feet and repaint the affected rooms. 

Looks like the carport is added to the house as part of adding Square Feet in the past which has not been done efficiently.

For Example I found a 4-plex with 4 Beds 4 Baths (1 bed 1 Bath per unit) and 2832 square feet listed at only $49,000.

Here's a spreadsheet of a "typical" deal from this investment company.https://imgur.com/a/FwapN7tA few things I've thought of from this spreadsheet and the information given to my wife that's set off a few red flags. 1.

For example, often fire damage is water damage--they put the red stuff out with wet stuff.

If there are no red flags, then I don't see why not? 

If this place checks out and there is nothing you are missing or red flags then I would say go for it and figure out a way to lock it down because very rarely in my career have I seen a place for $150k with $3k in rent coming in where the owner wasn't dealing with a massive amount of BS.