Are you committed to the purchase or can you still get out with a escape clause.

**All of this Info has been gathered before approaching the Owner**Property Info:-Built in 1940's -12 Unit Building 6-(2Br/1Ba) 6-(1Br/1Ba)-Tax Value $1,300,000-Annual Taxes $16,000-Current Rents are ($850 for 2/1) *couldn't find info on (1/1) but it is well below market Value-1920's Renovated Building in the area Rents for ($1,245 2/1) and ($1,045 1/1)-No Property Manager (owner managed)-Owner Pays Water and Utilities-All surrounding Apts. pay for Water/Sewer Only-(A Class Area) with Mixed Use Buildings and Student Living-Walking Distance to University-2 Units currently Not RentedRehab/Needs -(from what I can see)-New HVAC, has Radiator Heating and Window Units-Living Room Floor (Sinking in) on Top Floor Unit -Cracks in Interior Walls/Exterior Brick-New Roof (I'm assuming) Large leak in Top Floor Unit-New Fire Escape Staircases -Updated Electrical-Updated Plumbing (I'm assuming) built in 1940's-Interior UpdatingI know its a lot of Work, but It's in a great area, and there is a ton of room for Value Add.

Open to tweaks, suggestions, reading assignments, overhauled lifestyle changes (if also presented with how to get buy-in from a "maximalist," coming from a "minimalist.").Hoping to join you guys at the top of this mountain and escape working "because I have to" by 50 (only 20 years to go!).

I live in Orlando and my me and my brothers go to tons of investment meetups, clubs, memberships...etc... and about 5 of us concluded that a lot of people have their kids (of all ages....mine is 24 and still does it to me) nagging, begging, screaming, going on eating strikes to see "Harry Potter"!

I live in Orlando and my me and my brothers go to tons of investment meetups, clubs, memberships...etc... and about 5 of us concluded that a lot of people have their kids (of all ages....mine is 24 and still does it to me) nagging, begging, screaming, going on eating strikes to see "Harry Potter"!

My brother and i got a loan to buy the first one. 

My father was a marine  older brother Navy little brother was a marine .My oldest brother is a police officer my grandpa was a police officer New York 37 years so both military and police.

My brother was suggesting we flip houses outside our day job so we can build up capital.

Shared spaces here are maintained typically by management.You can escape HOAs mostly in norman, I have yet to buy in one yet, but my estimate from looking on the MLS is tentatively between $100-150 per month.If the units are separately metered then here in Norman, it is expected that the tenant covers all utilities.

@Scott Baker Brother unless you only have a one chapter book you made a lot of progress in your learning curve.