My family and I are ready for our first property to get our feet wet and begin our real estate experience.

. $900 x 4 units = $3600 (monthly gross income )$3600/ 2 (50% rule) = $1800 (net monthly)$1800 x 12 (months) = $21,600$21,600 / .07 (7% cap rate) =$ 308,571 So after I was comfortable with the valuation of 308 I estimated the repairs to be at least $20 a square foot plus all the mechanical and electrical etc. the building is 3800 sq.ft.

The best way to learn more is to jump in and get your feet wet!

That is why you have cold feet 

Is there any advice for a 24 year old trying to jump in feet first and get my hands dirty?

With all the improvements, I'm estimating the house value to be around $275K (conservatively).As I mentioned before, I believe her appraisal value is inflated, based on the avg. house value per square foot in this city and based on recently sold houses with similar features.

I got an excellent lead yesterday from doing this.Yes, I've dragged my feet a few times.

I'm new to Colorado Springs  and am looking to get my feet wet in the RE industry. 

If in town, prefer quieter E end of Liberty, W of square preferably.

The square footage of the additional space is larger than the square footage of the existing 4 units.