Win or lose on this deal I'll keep you all up to date 

Henry, thank you but there is a national championship tonight that I'll be watching and cheering the hogs on.

The market rental rate for the units (after repair) is 625/mo, this coming from another building across the street with equal sized, clean, painted, with newer cabinets   The tax assessed value is 72000.Unsure of repairs needed yet but if I guestimate 12/sf i'm looking at about 25000 (I'll verify this before bidding)Comparable sales do not reflect much due to the number of sfh surrounding the property.  

I’ll look them up.

Maybe I'll give them another shot.

I'll make the repairs get the thing rented and then refi into a 30 year fixed after 6 months or a year.. or I could sell and walk. 

I’ll probably live there when I’m older but before I have kids.

When I exit, then I'll do upgrades to make it match current market trends...

I'll keep going with 506(b) so long as my friends and family want to participate. 

Thanks fellas, I'll pass your advice along!