This is just my opinion but if your looking for a job then I would consider the banking industry at one of your small local banks because if you learn the in's and out's of commercial lending and develop some good quality contacts it will help give you a step up on getting started in investing in the future.

Here are the details:Property type: DuplexPurchase price: $35,00030% down payment: $11,000 (rounding up for simplicity)Loan Amount: $24,000Debt service: $160/monthMonthly rental income per unit: $500 (minimum rental in that area)15% maintenance15% Vacancy (already have both units rented)Monthly Water/Trash: $50/monthTaxes: $142/monthInsurance: $50/monthUsing a real estate investment spreadsheet the numbers do not look bad but I would like to get some opinions on what I have missed.

As far as I know this is something that you can do, but please share your thoughts or opinions on this.The one thing we didn't like was the idea that the tenant would know who owned the house.

As Ryan alluded to, find a real estate agent to work with; he or she should be able to provide you with the comp data you need to determine a realistic price-point for the location, property and condition.If you need something more formal than doing it yourself but less formal than an appraisal, many agents can perform a "Broker Price Opinion" (or BPO) which will give you an idea of the market value of the property (many agents will charge for this, though).

If you want to collect commission, then get a license (in my opinion).

I seems like it's a pretty good deal but I'd like some experts opinions and help completing this deal if it makes sense.

He's also accurate with his number which I can confirm after walking many properties with him and getting several different pricing opinions.

I say this mostly because it sounds like you are working with limited capital, so it would be wiser in my opinion to start slow, and keep some reserves instead of simply buying the most number of units you can under FHA right away.

In my opinion it’s a good idea to get your first deal under your belt.

That's better, but you are still not there, in my opinion :)