There is a lot of hard work involved in building up assets and cash wealth plus also great credit that can be used to position you to be able to make investments with OPM (other people's money) i,e. banks, and other lenders like private and hard money lenders. 

If it is truly a great deal, and you could make money on it if you sold it after rehab, then I'd say go for it. 

Duplex's, triplex's and 4plex's are not commercial apartment buildings.They are bought, sold and valued the same as SFH residential properties.

I sold my other property SFH, and i am looking to buy another property. 

Disadvantages are only a 10 year lock in our case, a slightly higher interest rate.On the deal I am working on right now we can get a rate of 5.125%, 20 percent down (that can come from our Private Money Investor) 25 year amortization with a 10 year lock on the rate and under 2K in closing costs. after year 10, the rate can go up only 1% a year and a max of 6%.Dan Dietz

It last sold for $45,000. 

I plan using the agent to help me sell the property, which I hope will give them an incentive to help me.Find a contractor to give me an estimate on the repairs/rehab of the property.Once I've collected all of this, I plan on reaching out to private lenders and providing them with the information I found on the property which I HOPE will be reinforcement for them to invest their money in the property...

I've sold 2 classic muscle cars in my younger days and regret it today.

The house is in my neighborhood and I have sold several similar properties in the same small area.

Private Landlord got himself into a bind, hired me to clean it up.