If it's just the one, and you own it in your name or the name of a trust, I'd go ahead and sell it with seller financing.

Came across a 2 family that needs quite a bit of work but I'm in love with the location.Here my analysis put together... would like some opinions, or advice if I'm missing somethingPurchase Price - $50kRepairs - $40kMonthly Mortgage Payment w/interest - $260Property Taxes - $290Insurance - $150Heat - $200 (currently setup to share heat off of one boiler, so would have to include heat in rent)Maintenance - $100Monthly expenses - $1,000Rental IncomeUnit 1 - $600Unit 2 - $800Monthly income - $1,400Thanks ahead of time for the advice!

The entries with asterisks beside them are required, but I go ahead and add their first name too.

I wanted to create something that would help them stay afloat and actually forge ahead.

I took vacation/sick day that afternoon to rush to see the property.

With each follow-up contact your call back rate should go up, so the key is consistent follow-up.As far as managing the calls goes, if you think that you can commit time to each caller at the time that they call then go ahead and answer.

I hope the market goes up and your investment keeps growing ahead of it's costs :)

have you found that after you make these repairs you are any further ahead?

We see a lot of sinks pulling away from counters in our market and I can only think it's because of cheap materials and rushed installs.

If your answer is yes to both questions, you should go ahead.