Check the short term vacation rental options in the area- Extended Stay America, Airbnb, VRBO etc. and undercut them initially to ensure you can build reviews and a brand. 

In my opinion, a good lawyer and a good inspector are essential.

All of the units are currently rented.I plan on raising the total rent to $3400 (it is currently under priced)I plan on putting $5-10k into rehab At the $271k price I’m looking at an estimated -$26 cashflow loss while my wife and I are living there and a $355cashflow gain when we leave.$391 doesn’t seem like much so I may put one or two units on AirBnb.

I am 22 years old and a manufacturing engineer for a growing company in Connecticut.

I set a meeting for Saturday, sent a letter citing her violations, and a second letter to make my point clear. 

Your fee would be 3% of the purchase price ($4,500) and a 3% "bonus" for the equity game ($3,000) for a total of $6,500. 

Cash flow and a great deal on a newer home.

Then we met in July 2017 and as the story goes fell in love and literally just tied the knot this past weekend.

And as we know, of the ones who dont actually fail and make it...even then, the median income is only around $40k per year. 

Not really looking for a $700k house but something small to start out with, maybe some extra cash to play around with in the future and a little bit of passive income as I study.