Which on the low side would give you ~ 950+1125 =2075 in rent lets take this as your starting point Gross income for the year 24,900Now that we have an estimated rent / Gross Income lets start accounting for things...Gross Income (GI): 24,900Vacancy: -1,494 (6%)Total Gross Operating Income (GOI): 23,406Expenses...Property management: -2,490 (assuming 10%)Repairs and maintenance: -1,245 (assuming 5%)CapEx: -2,490 (assuming 10%, I generally do a calculation for this on the age of every CapEx item for a property and it is generally around 5%, but this is a duplex so I am taking a short cut and doubling it since you have two of everything except the roof)Taxes: -2,512 (From the eprop tax site for Sac)Water / Sewer / Garbage: -2,880 (Approximate, generally around 120 per month per house, again doubled for duplex, you could pass this on to the tenant potentially but accounting for it for now)Insurance:  -1,400 (this is a pure guess here)Total Expenses: -13,017 ~55.6% of GOI or 52.3% of GI Net Operating Income (NOI): 10,389Now that we have an expected NOI we need to figure out how much you can pay for this property and still make the return you are looking for. 

Hi Guys,   I came across a property in a active adult community where 80% units are for 55+ and the 20% are with no age restrictions. me and my wife are in early 30's.

Of course our perspectives will change as we age and that’s ok!

Now at my early age of 38 getting ready to run into my plan A.  

You already have a huge leg up on the rest of the world (determination to make it in real estate at such a young age)- just don't give up!  

The age of the house is important, because even if its a well-maintained house, its going to have an older style floorplan.  

One of the main reasons i'm looking to get into real estate investing is because you are providing your community with distressing properties and adding new occupants and continue raising value of properties in the area.One situation that really caught my attention was a investment property that happened right across the street from my home.an investor or someone bought the property for like 140k and just resold in less than year for 450k.it needed some work but nothing out of this world.roof,kitchen,flooring,A/C,paint,clean up pool.How can an individual at the age of 24 get started with no credit or money down?

Im sort of new to this myself and I'm about the same age...

In case of residential real estate, it is 27.5 years.While this is not intuitive, the 27.5 years starts at your purchase - has nothing to do with the age of the property, and is based on the depreciating portion of the purchase price, which excludes the land.

Banks don't treat them so well as they start to age.