A few other factors: I believe the rents are below market value.

Once you renovate the property, you can rent them for POSITIVE cashflow since you bought them below market.2.

get your knowledge up about any and everything in real estate live at home as long as you can dont buy dumb ****  work on your credit asap and save that cash if you take this seriously and live way below your means you can have a great portfolio by 30 best of luck to you 

We are somewhere between 25%-33% below the national cost of living.  

I ran the numbers with a GC and it’s well below the arv.

Duplex to quad purchased at retail are getting challenging to find that would produce positive cash flow but is still possible in the working class areas (not possible in the hip areas).There is a lot of completion for the below retail properties and there are some people who can rehab RE a lot cheaper than I can and I suspect I can do it a lot cheaper than most newbies. 

Demographics, income, average rent, crime, etcStart to save and live below your means if you don’t do so already.  

Thank you for taking the time to answer any of the questions below. 

And even if the items fall under improvements or an asset that needs to be depreciated, you can elect to expense them with de minimis safe harbor if the expense is below 2500 per items. 

He's crazy.As far as the vapor barrier @Jason D. mentioned...if it's over wood and there isn't any living space below it you probably don't need it.