Then we got engaged and she moved in with me. then we spent a year and a half planning and saving for our wedding.

I can't imaging forcing someone to move for this situation?

Also if the place is worn down and needs re-imaging along with new equipment that can be expensive.

Here is a better image of the numbers units 1 gross potential rent 8,400 rent per unit 700   other income (affected by Vacancy) 0 vacancy 3 months   gross potential income 8,400 property management fee 10%   vancancy 2,100     other income (not affected by vacancy) 0 cap rate     effective gross income 6,300 purchase price 35,900   operating expenses     entry cap rate 0.051754875     insurance 400       property taxes 1,222 market cap rate 6.00%     maintenance 2,520 valuation 30966.66667     utilities 300 equity 0     rent control fees       property management fee 0 down pay 7,500   total operating expenses   4,442 monthly mortgage 225 15 years @ 5% Net operating income (NOI) 1,858           annual profit -842       monthly profit -70.16666667      

There are many misconceptions about its image which I think is why many people overlook it.

So, my question is this: would it be wise, if we could find the right deal, to buy a single-family, fixer-upper a few months before the wedding, fix it up, then live in it till December, at which time we'd hand it over to a property management company for the year we go abroad and collect a small income from the rent.

I can't image paying a friend to help me buy a house!

Start by getting your profile filled in, and an image uploaded for yourself.

welcome to BP @Christopher V.Here's a list of recommended bookshttps://www.biggerpockets.com/renewsblog/2013/04/1...Listen to ALL the podcasts, every one of them has value And lastly, go network in your local REI@Michael Barbari has a meetup next Wed in DGhttps://www.biggerpockets.com/forums/521/topics/38...

It's in close proximity to Orlando and I image it won't have the really high taxes I experience.