First I want to thank you for reading, I am new to the investment market and the idea is exciting and terrifying at the same time.A few facts:Purchase Price: 325,000Rental Income Estimate: $5250Property details: This is a 3 door property:1. 1/1(main building)2. 3/2(main building)3. 2/1(separate building)Repair estimates to get all 3 properties up and running: $145,000 - $200,000I do not have a ARV since its very unique there is not anything we can compare to but I am looking to get a third party appraisal.Plan is to do a mortgage for the property with cash down payment.

This is truly a fantastic place to connect, learn, and continue growing your real estate knowledge and network.Keep up the momentum, and feel free to reach out if you ever want to share more about your journey or need advice.

The main reason is labor, and the cost to live around this area is not cheap, so skilled labor demands high wages and benefits. 

The total invoice came up to be 390$ actually.

Hey what's up Andrew, have you found a brokerage to call "home?"

The key is to have it set up correctly and for your specific situation.  

As a beginner, I'm hesitant to invest out of state, especially since I don’t have anyone to assist with tenant issues when they come up.

Connect with local REI groups and meet-ups.

However, if the home is inherited, the beneficiaries typically receive a step-up in basis, which can minimize capital gains tax when the property is eventually sold.

Die and step up basis7.