The house is in great condition and only needs cosmetic work as it has been been well maintained.

@Brielle Ford I would say it depends on how fast the sellers want to unload the house or what condition the house is in.

We came across this little 2BR/1 BA ea average condition duplex in the downtown area built in 1964 with beautiful hardwood floors, just in need of a little TLC and updating (eventually).

@Jay Hinrichs I just really dont want to spend my whole life working in a factory

On one hand you want to be humane, but on the other hand bad tenants can make your life miserable chasing them for a few hundred bucks.

It states that he can break the lease at any time under these conditions… 1.He forfeits all deposits2.He must pay for all costs to lease the property to a new tenant (i.e. posting fees, rental signs, etc.)3.He must pay full rent until its leased again4.He must pay ½ months rent in an early termination fee.If it comes up again I intend to offer that to him as an alternative.There are about 9 months left on the lease, not sure why he would want to lose the entire deposit to go to another location an pay a new deposit and a pet deposit.

Also, are the house next to you in poor condition? 

It would be prudent to get inside if at all possible but I understand in such instances its probably not possible.The one we bought recently was listed on the MLS and we were able to see at least some pictures of the inside so we knew a little bit about the condition.

Some other good ones: Set for Life by @Scott Trench, 10X Rule by Grant Cardone, and Cashflow Quadrant.

I have bought, held and sold over 20 SFH and duplex units in my previous real estate "life" as it were.I realize that analysis paralysis can be very real, even more so for someone like myself that needs to see numbers that I find attractive and reasonable.