Yes you should analyze it as if that unit was rented so you know how the total property can perform.It's definitely a hot and competitive market here.

-The house Is in New York has- he has a fire extinguisher company and won't list it because he actually services many of the real estate companies and is afraid to favor one or the other and inturn lose a client- he has nine houses in Pennsylvania - original loan was 660k 760k if I remember correctly - has paid 250k- has all floors ( basement, 1st and 2nd) rented only top floor has a lease total rent colle is 5500- supposed market value is 1.1 million - he's willing to take 960k- might be open to terms since he's already renting.As long as he keeps the title-sounds like the house doesn't need many repairs but i have a friend that is a contractor and he can Help me assess any repairs Hes a savvy new yorker so  I rather give him options instead of just 1 cash offerCan anyone help me figure this out ?

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I know it is in a flood zone for it has flood insurance.The current flood insurance is about $150/month which totals $1800/year.

Some of the tricks I use which are totally legal is the grandfathering NFIP rule or built in compliance.

You were able to acquire 2 buildings with 20% down total?

What I really like about this neighborhood is properties are cheaper but it’s still close enough to western you can pull the same quality/millennial tenants as properties just east of western that cost nearly twice as much. 2br 1ba 1st floor unit: $1300 – Keep as-is2br 1ba 2nd floor unit: $1550 (Will try $1600 first but to be conservative) – Keep as-is3br 2ba duplex unit: $2200 conservative depending how luxurious comps go up to $2500ish – RehabParking: $75x2 = $150 Total rents: $5200Purchase price: $530,000 with a $7500 closing credit + $20-25k for spiral stair case install and remodeling of attic = $542,500 at $5200 = .95% + added equity being a legal 3 with 3br 2ba now.

Feel free to copy anyone else that is totally fine!!

@Seth - Totally hear you on Austin, but I'm finding even Austin is a bit expensive for land, even.

Pay attention to the level of rehab on these properties a comp that sold that was a total dump is not going to be a good indicator.