Additionally, the lot is splittable into 2, 3, OR a "cottage court", which allow up to 8 buildings on the property (this is all confirmed with the city and I consulted with a friend of mine who is an engineer and has drawn up several of these cottage courts and says its feasible). 

The duplex was an off market deal given to me by a friend the appraisal came back at a value of 194K should I be worried?

Doesn’t really matter to me one way or the other, I am just curious as to how the Patriot Act applies to receiving loans from family/friends/investors for a down payment.Thanks Max

“A friend of my friend’s dad, rented out houses once....”

Background Story; My fiance's best friend, recently going through a bad break up, has always rented (lives with her sister, her cats, and her sister's dog), but she thinks now it may be a good idea to finally buy as rents are high and even more difficult for ones allowing pets. 

Looking for recommendations for General Contractors in New Albany, Indiana that specialize in renovations and are investor friendly! 

But you can deliver the message in a manner that is friendly and informative.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

I bought a flip with $30k potential profit and was too eager...I hired a contractor on a friend's referral but without doing my due diligence. 

A friend of mine and myself have been intrigued by Real Estate Investing for a while now but have really just started to buckle down and get serious about it.