I had an Audible credit and it was between that Josh's book on Rental Property Investing or Shark Tank (how different would my life be if I downloaded Shark Tank instead?).   

If you plan on doing any rehab, have a contractor/contractors do a walk through to get their opinion on the condition. 3.

And, here...is my question...I have been analyzing a bunch of SOLD multi-families using the actual sales price and I cannot for the life of me figure out how anyone is making money!?

Applying other's asset allocation to your life is like trying to take an award winning chili recipe and make tacos.

If so, you have ZERO to feel guilty about...... stuff happens in life....get over it.

Having this said, I understand there are no guarantees in life but:Is there any tips and tricks to make sure your investment is fruitful? 

@Jeff CopelandYes, both properties sit on the same parcel.At the current condition the duplex is in, I dont think it would refinance for the amount needed to purchase it.

A little of both - as a seller awhile back my broker didn't present the TDS form until later in sale (some things going on in Brokers personal life at time to excuse it - but I had no idea of the form or my responsibility there) exposing me to additional risk. 

Below are the details:- Single family home, 3 bedroom 2 bath- 1464 square feet- $310,000 asking price- built in 2003- 20% down with an est. mortgage of $1,347The home is in great conditions and won't need any major repairs.

I don't know that I want to invite that type of karma into my life.