No other city has more duplexes than we do, over 66,000 and on interesting fact is also that they are going on the market 4 times less often than an average single family home.

We're in a low income market, our rents are less than 500 average per month.

I look for good bones, great floor plans, vaults, 3/2, large fenced backyards, and something that just needs cosmetic work to turn it into an above average rental How did you find this deal and how did you negotiate it?

At that point, it'll be bringing in an averaged of a little above $500/month in complete net profit.

Real estate investing is a pretty forgiving world and the average person can still make money even with some pretty big mistakes.

Also I read that on average the interest rate for FHA is lower than the interest rate for conventional but I also read that your credit score helps to determine if you get a low interest rate so is it also possible if you have good credit that you could get the same or better interest rate with conventional?

Anyways, my bottleneck seems to be my knowledge of the market and strategic ways to get around the surge in home prices (15% on average in Indy) this past year. 

I'm gonna throw a few books in there as well:- How to Invest in Real Estate, Josh Dorkin and Brandon Turner- Be Obsessed or Be Average, Grant Cardone- The Book on Investing in Real Estate with No and Low Money Down, Brandon Turner- Buy, Rehab, Rent, Refinance, Repeat - David Greene- Trump: The Art of the Deal - take a guess :)- The 10X Rule, Grant Cardone- Set for Life, Scott Trench

A good average to shoot for is 620 or higher.

My average is $150 per call.