Can they be fixed with your budget?

From what I've found your rehab budget would be light.I think you should stick with your price, although I think it's a huge stretch that you have a chance to get it at your price.

I've seen builds priced out on some of these homes which would put me way over my budget of $200K for my first investment property.

Unless there are major issues your budget is on the high side.You may also consider an Option to Purchase and try to find an experienced investor in your area to sell it to.

I don't think its impossible to grow with a small budget but it seems a hell of a lot harder.

If their budget is strained by buying imported goods (and for now assume oil is also priced as an imported good) they will have less money to afford on housing.

We saw the possibility, worked out a budget, stuck to it, and took a chance.I hope everyone gets the same opportunity!

But remember-whatever quote you get, add 10-20% in the "just in case" reserves, and more time than they estimate, because major rehabs almost always go over budget and over schedule-which means vacancy and no rental income coming in.Updated units would possibly mean higher rents, but I make a policy to never purchase property based on speculated rent-only on its current performance, and give consideration to potential rent increases.

Any suggestions are welcome..FYI it has a income rental behind it "on a separate lot" that I also own, It needs rehabbing as well , it has 2 efficiency apt on the 2nd floor 1st is a 2 car garage w/ storm cellar future plans to add a 2 bed apt to 1st floor1935 buildpurchased for 60k20-25k budget to dress up40-60k budget for additioninterior is in descent shape..rent estimate of $800+/- 2bed, 1200+/- 3 bed & garage

Start rehabbing, with that budget you may need additional funding from hard money or bank sources but you're probably not far off from where you need to be to get started on a project.Are you an adrenaline junky?