If you're a newbie real estate investor and have not found a good deal yet, don't fret.

I found a 3 bedroom 1 bath in a desirable area.

A lot of the duplex's I'm looking at in Portland are a little out of my price range but I found one I can afford, however, requires quite a bit of work.

@Dan Heuschele, I found the explanation of your thought process to be very helpful.

That policy came about after we found (years ago) tenants burning newspapers, pine branches (nice aroma, dangerous for chimney fires) old furniture and trash in the fireplace. 

View report*This link comes directly from our calculators, based on information input by the member who posted.basically analyzed this deal best i could just started analyzing rental properties..loopnet ad barely had any info i just found some pictures on the inside and realizing that you would need more then 15k for rehab since it looks like it needs new cabinets in kitchens  would all depend on getting the deal right. ... thanks for any suggeestions and please let me knoe any good cities you guys think i should be looking at !

If you do buy the property personally and then transfer it to your LLC, that could trigger the due on sale clause found in most standard mortgages.

I found a property where I live that I could afford almost with Cash.

I have not found a database of current grandfathered properties, but that would be awesome.

@Nana Nkoah Try searchIng Facebook / marketplace, that’s how I found mine.