I wouldn't want it that tight based on a low renovation budget to begin with. 

LOW barrier to entry.. 

@Sean Jany A couple things jump out to me looking at it: 1) your closing costs seem low, 2) the monthly projected income seems off compared to the property description, are you running your numbers based on it being fully rented out (even though you'll live in one unit)?

They're a little pricier than traditional conventional rates, but with good credit they are in the high 6's, low 7's on a 30 year fixed. 

I would say hiring a low cost contractor is the way to go with this.

On the SFH we own with the high equity and low return, unfortunately we moved out in 2014 but that’s a great idea for future reference.

Hello BP! I am a new investor in York, PA. My current financial situation only allows me to deal with lower income properties. I want to know what you other investors are doing to “tenant proof” your units. I am cur...

If you don't tell him all the reasons you got a screaming deal, then he must assume it was an arms length open market transaction, which in turn will mean the other home appraises low, which may mean it sells for less, which in turn means one of YOUR comps sold for less, which could impact market value of your home should you go to sell or refinance it.I would be selective about what I would share, and I wouldn't lie, but I'd only share information that will, or could, lead to my property selling or appraising for more. 

@Brook Rieman,He's a sex offender-- they are out there, it sounds like a low income area, so that's where they normally go.   

I received my license back in 2005 when Real Estate agents would refuse to submit the “low ball” offers Mike and I wanted to make.