Mike D'Arrigo Mike I appreciate the sound advice and useful information that you have provided.

He made it all sound do easy.

It sounds like you're on the right track but starting out I would advise to be very conservative in your numbers.

Sounds like it'd be a benefit for some buyers, and not for others.

It sounds like you have undercut the sellers expected sales return from $180k to $150k.

They guarantee at lest 6 months of rent at $450/month over what I am asking almost sounds too good to be true.

I install electric water heaters in my units because they are cheap and easy to replace, Ace Hardware sells 40 gallon units for $299, vs a power vent Gas one is $749, and life span is about the same.

No pictures on the listing but it was right next to the local hospital and I could see prospective renters being young professionals/other good renters.Called the listing agent and set up a viewing for 4 PM and agent sounded very happy that someone was interested in the propertyWhen I went to go see the place it was a complete gut job. the roof was in good shape and the foundation look like brand new block foundation but the rest of the place was completely destroyed.

They will wash and treat the structural elements that are still sound and replace those that are not.

What also makes me pause is, even though this is a small rural town, there is another seller trying to unload an 11 unit complex, who sounds equally as motivated.