I don't want to buy it and get burned with something I have never heard of.  

On the ride there, a fellow owner of the condo building that burned let me know he and others were planning on being at the HOA meeting tonight (which slipped my mind) and was I coming. 

@Lee Burns Thanks, much appreciated. 

@Dana Burns Repair cost is kind of a big deal.

Great room with wood burning fireplace.

@Dana Burns Find the recorded Assignment of Mortgage, listing the seller as the current assignee

I've been burned by unlicensed handymen in the past, even those referred from a friend.

But this is you trying to get feedback on analysis, not really looking to buy this property with your money burning a hole in your pocket, so I'll skip most of my usual line.I'm coming at this as a local investor in western PA with a portfolio largely consisting of SFR acquired below this price level, at about this age.

I think my rent is now 10-15% below what they would rent it for if I were new off the street, and if my landlord were to raise it all in a year, it’d be a bit of a bitter pill to swallow and burn some good will; it would certainly send me at least looking for another place.$650 / $500 = 1.3For those 2 tenants, you’re wanting a 30% increase in what they pay in rent.$650 / $425 = 1.53For that one stable tenant, you want a 50+% increase in what they pay in rent. 

I'm just starting out in my career in commercial real estate (corporate gig) and my pockets aren't fat enough (yet) to start buying my own properties.