From there we also discovered Afford Anything and the BP podcasts, where we realized that we wanted to go the real estate route, while still investing in low cost index funds on the side.  

It currently has heat only( original 50s gas furnace).

You don't have much equity in the property but the acquisition cost is low and it cash flows immediately.

You often find 1/2 duplexes being sold in downtown Frederick from low 100s to mid 200s depending on the location and finishes...

I'm Pierre. Im 24 with a BA in FinanceI actually have not gotten a job in my field but went into soccer coaching for which is something I'm passionate about, I would just rather do that as a hobby rather than a means ...

The point was how low of a CAP rate would be needed to achieve that goal based on the starting point of available funds.  

Depends on the type of GC you're looking for.The guys picking up material early in the morning at HD/Lowes/Menards are unlikely to run a very tight ship or handle large scale jobs.

$8K seems low.  

I kind of feel it's a nice way to get my feet wet and like the low maintenance aspect.

Buying this low with cash, it already has equity built in.