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There’s several duplexes available around $100,000-$125,000 that are in C class areas.

Also the home was built in 1910 and is zoned for general commercial C-2, so does that mean we wouldn't be able to put in a mobile home?

Hot Water: If owner pays consider upgrading to tankless or heat-pump models that are much more efficient.Get tenants off of house heat: Mini-splits are a great option for heating and cooling, especially if you're in an area where A/C is a competitive advantage.

That would be what we call 'D' class neighborhoods, and possibly some C- areas too.We grade neighborhoods from A+ thru D- and our clients stick mostly to B, B+, and A- areas because of the demographics and tenant class you find there.

@Kate C.

Cliff,  This is not how you analyze an investment opportunity, you need the following:1) Purchase: $575,0002) Total Annual Operating Income: $43,000 (1,200x3x12) 3) Total Annual Operating Expense:    a) % Vacancy:   b) RE Taxes Property:    c) Hazard/Insurance:   d) Repairs & Maintenance:   e) CapEx:   f) Utilities-other:   g) HOA:4) Actual Capitalization Rate:5) Loan Information   a) Down Payment: $0   b) Loan Amount: $575,000   c) Acquisition Costs and Loan Fees Rehab Funds:   d) Length of Mortgage (years):   e) Annual Interest Rate: 6) KPI's:   a) DSCR:   b) 1% rule:   c) 50% rule:   d) Cashflow (before taxes):   e) ROI:    Plug it in I'll do analysis for you.

Since I am focused on class C, then we do much less for the most part.

It's on a quiet dead end street in a B/C+ neighborhood.

I know this is a real-estate forum, but if you choose to explore this route, 2 great books are The Simple Path to Wealth by JL Collins, and The Little Book of Common Sense Investing by John C.