Purchase price: $90,000 Cash invested: $25,000 Sale price: $178,000 4 bed, 2.5 bath, 2 car garage What made you interested in investing in this type of deal?

Of course, before that, you will inevitably need to spend a lot of time (self-disciplined study) to learn Real Estate Investing and when you are ready to take down a small house (4 bed or something [rent rooms to your friends or other students) or a small multifamily), you will be a lot more confident to do this. 

Yep ..When you buy the 3 bed house for 10 grand and get 600-650$ a month on it ,it’s really hard for even an idiot like me to screw that up !

I’d be unnerved about losing 500$ a month If your going to Subsidize their rents they can Atleast pull their weight around the place instead of just sitting around watching jeopardy in their craft- matic adjustable beds  .

All units are 2 bed / 1 bath at 850 sqft.

Additionally, there are likely no tax benefits to them since they got a stepped-up tax basis at the time of the relative's death and thus their basis is likely the same as what you are paying unless it's been a year or more since the death.

All in cost: $200-$250K.   2 story (3 beds / 2 bathrooms per side)Projected cash flow:  $2,500/month. 

If they are not for the area then it could be wasted money as they just move to another property with water included.The engineer for the water department typically has statistics on what the AVERAGE water usage is for 1 bed, 2 bed, 3 bed units.

The question de jour is “has there ever been a bed bug problem in this house?”

Almost everyone on their death bed unfortunately has more "I wish I would have done...." thoughts  than "I wish I wouldn't have taken that chance.."