Those will cash flow nicely, but there isn't as much on the equity capture, so it's a mixed bag depending on your goals.An alternative in the meantime is to look into being a passive investor on other larger properties that have lead investors and watch how they run the syndication and their plan to improve the property.

If they’re wood on wood you’d be surprised how easy it is to make doors and drawers not slide nice with a coat of primer and paint!

Nice, thats what i wanted to know.

Hi Ricardo Welcome to  Connecticut MarketBidgeport is a good market depending the area like any market you can be in a nice are and 2 more  blocks down you'll be in a war zone but the best part is that bridgeport has the most affordable market compare with the others cities closed to NYC like norwalk not even talk about Stamford here the taxes are little high but  the income compensate that be careful with Real Estate Agent that says they are Investor Friendly and they just want you to buy at high price so they get a good commission but over all bridgeport is a big city trying to get betterbest area is black rock but is expensive, Hallow are is good for cash flow but a lot of the area is hot zone, east side war zone but could be some ok section, north end on the border of Trumbull nice are, east end like Stafford ave and Connecticut ave this are in this days is war zone. all of this areas and what I said about them are my point of view so you can see what others investor says about it wish you the best on your investment and see you on the top :-)

The reason I'm looking at it is cause it seems like a nice property compared to what I can get when renting.

But I want to pretty much have a diverse cash flow income. 

(The smart guys above are covering that topic nicely!

It is a nice family neighborhood and i do not want to offer month to month rental. 

It's a nice 3BR1BA house which needs no major repairs and could use cosmetic upgrades such as paint, flooring, landscaping, appliance and cabinet upgrades possibly (which I will all be doing myself while living there).

My IRA has funded rental projects and is getting a nice split in return.