My goal is to purchase my first property by the end of the summer or early fall!

I will definately take your advice when approaching this project.The cabinets being original are starting to fall apart.

This falls along the line of family changed. 2) sellers believe we're approaching the top of the market and want to capture the gains and/or 1031X into NNN where they get a higher yield. 3) investors/flippers bought the multi-family with the intention of repositioning it.

Usually that is for homes that are falling apart and can affect neighboring homes.

Remember the area well..did my masters at GWU and studied vienna and falls church developments as part of it.

Doesn't have the comps now, but as Beacon Hill develops it will gentrify.Ruskin is not a good buy and hold area, those houses get turned over all the time to new victims!

I have had 3 FHA loans fall through when the broker or bank goes into underwriting.

Just don't fall into the 2005 trap of banking solely on appreciation and completely disregarding cash flow.

Most of the time I find the downstairs tenant "victim" is blowing it out of proportion and being unreasonable but not always.

You might find in your inspection it's all badly constructed/rehabbed and you might even have to cut back into the work done.Also, you could have a falling out between the partners, that happens a lot.You price it accordingly and make your offer and then roll your offer in every 14 days until the tell you to get lost...and then start again under a different brand :) You won't win any popularity contests, but you'll win a few deals.This of course is only if you really want it...be careful what you wish for.