So my advice to anyone that would care to hear it is, do not buy a property based upon a video since a video will not exactly show you foundation issues, and other things that only being in person can help with.

Also, like someone else mentioned - know your market and tenant base.

And when these markets go into recession, it depends upon their job base.

I also look in the newspaper and craigslist for basic for rent ads that provide landline phone numbers.Facechat, instabook and the others mean nada to these folks.

Once we sale, based on other comp in the area, our net profit will be around 30K. 

But don't take yourself too seriously, make it a game you play for fun and profit.it is your job as an investor to get to their base-line price - you can only do that by asking questions and getting to the right answers.Questions: how long on the market and how - agents or FSBO?

You set your screening standards based on the class of your property.Unless you specifically want welfare tenants in which case you adjust the screening. 

Talk is talk, but valuations are based on closed sales not talk.

I believe their real estate holdings was based on economic value.

And it is only 1500 sqft for both units, so rent will be limited based on the small size and you still have to maintain kitchens and bathrooms for two units, which means high maintenance cost to rent ratio.