Hey BP Community, this is my first post and would like to thank everyone for putting their time in to share their knowledge on this platform.So, I’m 18 yrs old, living with my parents, very little money saved, and no credit.

Have not found full time work yet.Assets: duplex(both units currently occupied), purchased 6 yrs ago for $265k; close to $400k market value now.Duplex total rent: $2,225/monthDuplex loan: approx. $150k remaning on loan (had put down large down payment)Other debt: noneCash assets: have enough for down payment and reserves for above mentioned single familyCredit score: good (don't know the #)If anyone has ideas of how to approach acquiring the above mentioned property I'd greatly appreciate your thoughts.

I installed one in a closet 12 yrs ago.To my surprise its Still running

I am earning conservatively (depending on commissions - I'm a sales manager with 10 yrs sales experience) over $65K.

They basically give you a return on your money without any financing considerations.Rule of Thumb  A properties  2-4 capB properties  4-6C properties  7-10D properties 10+A properties have low cash flow, but appreciate much better.B properties have decent cash flow, and pretty good appreciationC properties can appreciate if the appreciation is forced, and they cash flow betterD properties are in distressed areas and are management intensiveA properties are new, B properties around 10-20 yrs old, C properties are 30 years old and older.Also the A properties are usually sought out by institutions.The thing to look at cap rates is to see where they are headed.

@Andrey Y.I don't think you would have to wait 2 to3 yrs to see the economic trends.

The carpet was not bad, Just old...The house has been empty for the last 9 years...I only used it as a vacation house ...So it didn't have 15 years of wear and tear on the carpet, more like 3 yrs. 

Ex: ROTH opened in 20122012 contribute $5k, earnings $500.2013 contribute $5k, earnings $700.2014 contribute $5k, earnings $1k2015 contribute $3k, earnings $1,1002016 contribute $0, earnings $1,1502017 contribute $0, earnings $1,160These are all hypothetical numbers.So now my principal is $18k and "earnings" as stated for each yr.Does this mean I can only withdraw without penalty in 2017, $500 because it is now 5 yrs later and meets this 5 yr or can I withdraw more earnings because it's the "account" that was opened 5 yrs ago?

I did some research on BiggerPockets but most of the posts are old (3-5 yrs) so I am not sure if the information is still relevant.  

Unlike any previous Rehab..It needs updating after 14 yrs...So, I'm packing, most everything and not putting pictures back up...Going to Stage...1.