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I think he was more asking along the lines, here are the rough back of napkin numbers, is this even worth my time.1) His financial goal is to Rehab this property that he estimates to need $30,000 in rehab so that he can cash out refinance at 147k and roll that into a new property2) He has a property in his sights, I assume he wants to put an offer in ASAP, and start rehab ASAP, given his full time position and savings, he probably wants this project complete in less than two months so he can rent and cashflow3) Offer>Close>Rehab>Rent>Refi>Repeat4) Second property, I assume he has an idea on how he wants to offer and negotiate>Credit Union to fund Purchase and rehab>I hope he's thought of how to rehab>Will probably reuse his method of renting that he uses on his first rental>Most likely plans to use the credit union to refi>Repeat5) Has said he plans to offer lower>Find a good meeting ground>$30,000 rehab goal>$1050/Unit Goal>$140,000 Refi Goal6) The university town is his market7) Realtor>Credit Union>Credit Union>Prop Management/Self Manage, whichever he currently uses on his first property>Credit Union>Repeat8) Same as step 59) you missed step 910) Each part of the process flows into the next@Yollan Kitsoukou To  Joe's point, these things need to be on the back of your mind but don't be discouraged if you don't have each of these things figured out fully.

But essentially east part of town has a lot to offer in my opinion.  

How to evaluate the market will depend on what that market has to offer.

Being you are a contractor you have something to offer and shouldn't have much difficulty finding someone with capital to put up downpayment on rehab financing. 

Careful, a common scam is to offer a property that the person doesn't own for a super great price, and just needs a deposit to "hold it" until a proper closing can occur, and they don't want to use lawyers or title companies. 

You may want to offer the two tenants to move in together, occupy one unit at the market rent price. 

I have more to take right now then to offer but would be interested in staying in touch with anyone local.  

Hoping to offer around $110-112K.

They mentioned they could use a loan themselves so they could close cash on another deal and this property was purchased for a great deal, so we're happy to offer a quick loan with minimal paperwork needed from the client.