What's up @Natasha Rooney! 

Run the numbers, but if the 1960s home hasn't been maintained, you may have some expensive repairs coming up. 

:)I'm strongly considering it at the moment, and I might end up starting on their service by the end of this week or early next week.

Don't get caught up in analysis paralysis as we all can over analyze markets forever. 

Also in your area that is a little rural if its well and septic makes sure those are checked by professionalsif it has city sewer make sure you do a sewer scope on the line running to the street.. and of course make sure roof is good etc etc.and for sure you can offer what you want to pay.. they may not accept it but its up to you.also ask title company to give you current owner.. and if you want simply make a back up offer in cases the wholesaler cant close this happens a lot and you get a better deal. 

In effect, 'everything will go up,' until it goes doesn't. 

I came across a fantastic article on the top US Road trips and unsurprisingly The Oregon Coast took the top spot :) Top 7 Scenic US Coastal Road Trips:- Oregon - Pacific Coast- California - Pacific Coast- Maine - Route 1 - North Carolina - Outer Banks- Alabama - Connection By Way- North Florida - A1A - Florida Keys - A1AI might move The Keys up this list a little..but the entire Oregon Coast is breathtaking. 

What brokerage did you end up going with?

Short answer is as little as possible.The long answer is it depends on the deal.Typically you end up in a subject 2 situation when the current owner has little or no equity in the property, the current advantage of subject 2 properties is that most mortgages are below current market rates.Keep in mind when acquiring a property subject 2, in most instances you are not notifying the current lender of the change in ownership, and most if not all mortgages have a due on sale clause, which is the lender's decision if they want to enforce it or not.I personally like the idea its a great way to get investment properties with low rate loans, that with most likely appreciate in the coming years.

If so, is the gain simply divided to 50:50 between 2 units?