But the escrow officer can help with that.From a high level though, that’s it in a nutshell. 

I’ve flipped in the dc area for years, right now there is just money & in the vast majority of cases there is high likelihood of losing money, right now the best investments in the area imo are buy & hold, I’ve even gone full circle and while I really liked value add for most of the last decade I think in a lot of ways new construction especially in more affordable markets (I’m personally a big fan of the eastern shore market) is a much better way to make money long term than flipping and brrring while I know they are sexy & certainly you getting a huge paycheck is great, there just isn’t any money in it right now, especially in nova. 

Take those things into consideration as you take on the challenge and call a property manager if you get in over your head.HOWEVER, deciding to use a property manager in the beginning when screening the right tenant, (we call them Residents), highly increases you likelihood of success as a CASHFLOWING investor. 

Highly recommend.

BRRRR is my favorite although it's getting difficult to do these days with interest rates as high as they are.

Not a "hey let's read everything" journey, no, pick a strategy, get THAT highly rated "how-to" book. 

The rental income of $4,400 looks very high for the overall value ($250k) of the property.

I would highly urge you to take a look at the jurisdiction codes.

The strategy here I think would be to just do a cosmetic remodel to a home that is highly unlikely to need any other improvements.

I highly suspect as a duplex the numbers will not meet your requirements.