If you don't at least take this into account in your discussion and factor those in the seller will most likely totally blow off your offer as it would not seem well thought out and defensible.The other thing I would check on the tax assessed value is it one PID, sometimes they will split it into 2 PIDS, 1 house and 1 other land.Just thoughts.

There has to be more to it than that.I apologize for the total newbie question; I have no intuition when it comes to this kind of thing.Also, if anyone in the Grand Rapids, MI area has any recommendations for an architect or a GC, I’d really appreciate it.

I'll share a bit of information about them too because I think there is real value for readers in seeing the totality of my situation with real estate investing.

I forgot to add that the potential rents total $2400+ with a chance to increase them especially since the property is tenant-free at the moment.

So no, I was totally unprepared for the hate.

In a perfect world, sure, it's not a total loss or a terrible deal to get the properties in your scenario.

Total current expenses around 3200 a month.

I spoke with 3-4, and the fact this company really brought passion and enjoyed their work was obvious in our phone call in their tone of voice, level of detail and the owner's personality.

Obviously this would make it difficult to renovate the other unit of the duplex if it's inhabited and with the 6 month timeline being eaten up due to the 9 month contract, I'm not sure how it's possible to do the renovations on the loan.Has anyone had experience with this?

@Jason DiClementeMakes sense, I was totally uncomfortable with the $410-HOAHearing you say it like that makes the world of a difference, don’t purchase something to throw money at it to make it affordable.