Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

The rent roll is below market, and the building itself needs a good amount of work (Estimate roughly $500,000+ worth of work)3.

Biggerpockets was and is a great tool for learning so I began to dig into the endless amounts of information.

I would imagine you would be able to profit several times the dollar amount with about the same amount of work especially if you are hiring out all or most of the work.

So option 2 seller get the same amount into pocket and buyer pay a little bit less.

But, if the existing tenants are a problem, then raising rents a sizable amount can be one way of encouraging them to move on.

Add replacing or fixing a toilet, lawn care, sometimes even insurance and it seems to be most costs would be a higher percent the lower the rental amount. 

I am ready to get my first rental property (already got pre-approval), and I also have 2 properties that I want to offer on (I did a fair amount of research on them).

Could someone provide examples of what mild vs extreme due diligence would look like with a 4 unit house that requires a moderate amount of TLC from the landscaping to the plumbing and electrical?

Please tag me what you need money amount for how long what the arv is and the amount of rehab and the cost of the property.