I am seeing prices for light rehab (some Sheet rock, paint, grout, caulk, moldings) for about $3,000 for a one bedroom unit- I mean there are so many ways you can define what is light rehab vs medium etc- but I got a few quotes for painting/some sheet rocking, new moldings, etc and that seemed to be the range (like 2500-3500$ for a one bedroom) including materialsplus an additional 300$ to clean out debris, and window repairs I'm still waiting on separate estimates for but can share information on what I get back :) 

Get the seller to sign the purchase agreement, let them know you need it to at the very least do a title search.make sure your title company does assignment or double close or whatever.title comes back clear go back to buyers with your price.get assignment signed.submit to title.set closing date.get paid

Or, if its a double close, they will pull title and discover the seller doesn't own the property and nix the loan.  

Both units are 4 bedrooms and 1 bath. 

Yes I've have , I just want to invest in a decent house around those prices I have mention and just double pay it .

If I double close, can I pull off this deal? 

I bought my first house for myself in 1997, and paid $50,000 less than the neighbors on either side with similar homes,  put every cent I could lay my hands on into updating and improving it, and seven years later sold it for more than double what I paid for it.

Another friend told me he makes between $70-$80K each year off of his rental property, however, he has a very, very nice home with 6 bedrooms, a sauna, a lake and it's near Hunter ski mountain so he pretty much gets year-round rentals.

The single family 3 bedrooms, 1500 sf rent between $1450-1600 and the townhomes/Condos run about the same $1 sf. 

So they get $50 for the management fee each month and then if they don't collect the rent on time, they can easily collect another $50 to $100 per month on the late fees, thus doubling or tripling their income!