Class A barely cashflows, even with a 50% downpayment, but your building is new so you don't have any maintenance problems and your tenants are great.  

You can go see for yourself on the county court website just how little is actualy sold to third parties...those sold are mostly sold back to the lender.My last issue is that online auctions, because they make it easy for many investors to participate, it tends to drive prices up--not good.  

I have a contact there and may be interested in participating if the numbers are right.

In other words, I will just barely be able to get by while paying only the interest of my student loans. 

Everybody that needs a Participation Trophy for their self esteem please raise your hands.

To make your passive income "earned" you will need to qualify as a real estate professional and demonstrate material participation in the passive activity.

Wondered if any BP members participated in any local investor meet up or REI groups in Norfolk Va or even VA Beach

I am interested into building a property portfolio which includes residential and commercial properties; participating with flips and buy-hold strategies.

The owner does the absolute bare minimum and the management company seems to have been instructed to ignore all requests about fixing anything.

So, 85% of 100k = 85k less expenses of 45K = $40K net not the $55K you're stating.But you only need $35K to build the duplex (BTW: I'm seriously skeptical on that number - materials must be a lot cheaper in GA) so you'll have just barely enough to build both.Total Rent = $1200 a month and you don't have anything in (not counting the labor).