Purchase price: $925,000 After lending support and insight on business planning and development for decades, I am in pursuit of my first acquisition.

Im passionate about learning real estate investing and just recently purchased my first rental property.Outside of real estate, I enjoy spending time with family and my German Shepherds.

They need you to spend money and you try to save...

Advice NeededTLDR - Spend an additional $30k now to upgrade the sewer system on-site while the contractor is already mobilized or go with a sewer injection pump which is likely a viable solution the will last for years with proper maintenance. 

If it is not zoned for multifamily and the city has no plans to update that subdivision, you may want to chalk this up to an educational expense.

I think this will determine how much you want to spend and or how much a BK trustee will come after the asset if its the later they probably just let it go.. if its the former they will go after his equity is my thought.

I am planning to buy a land and build a cabin - any reputable builder someone can recommend. extra points, if you have used them and can share a bit more details

I spend time there.

If you don't plan to ever househack this duplex, I would let NOI, cap rate, expected appreciation, and projected IRR drive the valuation.

Before making any investments, spend some time learning about real estate investment.