I haven't had any hands-on experience with real estate investing yet, particularly because I feel it's essential to learn and listen from seasoned investors now so that I can begin my path to financial freedom prepared.

The above bathroom is a before.

It's already turnkey and the repairs are just to upgrade kitchens, bathrooms, and 2nd floor flooring.  

But a model number is essential to sorting this out.I just checked and 20" gas ranges are available.  

You're essentially a creditor, so act accordingly. how did she contact you?

Bedrooms and bathroom upstairs, and living room, dining room, kitchen and laundry on first floor, and access to basement.Building needs some repair since its old, but being that its fully rented I assume there aren't any major problems or it would not have passed inspection.Mortgage on it was taken out for 118k back in Dec. 2011.City taxes are $7273 annually and school taxes are $5510 annually.For the attached building:a mortgage was taken out for $27700 back in April 2010.City taxes are $3602 annually and school taxes are $3322 annually.So I was thinking of buying both to have 6 units and a commercial space to rent out for a convenience store or something of the sort.

This is essentially getting immediate return on investment equal to your tax rate.When you borrow from the plan, there are no taxes or penalties, and your plan may make typically between 4.25% & 5.25% in interest that is paid by you.  

They are essentially asking me to pay them to do something I already know how to do.

But man those bathrooms were nasty!!

However, with essentially zero money costs and a favorable market, I think we are going to come out ok.