Each unit has two bedrooms.The average rent for a two bedroom in the location that I'm buying ranges from $750 to $900.These are my calculation:1st unit - 750 (tenant pay utilities)2nd unit - 850basement - 600 Monthly Income - 2,200Annual Income - 26,400Loan - 20 years at 4.50 %Down Payment - 20%Taxes - 4,100 The building needs some cosmetic repair nothing major so far.

The majority of the investors (landlords/rehabbers) that I've reached out to aren't too "picky" with their prefences i.e.: specific neighborhoods and the level of repairs they'd be willing to make.

The majority of the comments regarding Lancaster and Palmdale have been negative.

Don't see any major structural problems.

I will be sub contracting out the major stuff best left to pros.

Keep Minutes of meetings authorizing members to act in major transactions, such as addressed in the OA.

First, is satisfying the money due the contractor is a major distraction in the overall picture.

I think they are national but wouldn't swear to it.Your deductible should be OK as you wouldn't want to put in a claim unless it was a major catastrophe.

I don’t have a lot of cash on hand, but I have good credit, and I’m working on the cash part.I don’t think any of this is or will be easy, I have a family, work full time, while maintaining a 3.75 GPA in college majoring in finance, so I know how to work hard.

That is, in my opinion, a major first question.