I stand to gain about 30K in equity once it closes after all expenses are added in since it is selling for less due to the short sale nature of it.So part of me wants to sell my existing house down the road which is in an HOA but part of me doesn't want to give up the appreciation gains I could be looking at with the OTHER rental down the street that I have under contract.

This duplex is located in Belton, MO on a quiet street with mix of duplexes and SFRs.My price was $79,000 and the units will rent for $750 each with rehab or $650 as-is.  

@Rachelle Alpern   Hi Rachelle,  Funny you should ask; I have one, that I just built, coming on the market next week...two streets over from this one.

When I was paying $195 the apartments across the street on Section 8 was $650.  

Corner of Brooks and Everett, which are both popular cross thru streets.  

The street is just one block long so there's no real through-traffic.

For what they did to the economy we should have dragged them down Wall Street and tarred and feathered them, then thrown them out of the country.End of rant.

Since he has owned each property for a number or years, it seems that his long-term strategy has been to cut corners and avoid capital expenditures, betting on appreciation in the end.It seems to me that two of his parcels in particular would be excellent candidates to be torn down and replaced with high-end apartments or condos; the same thing is happening across the street with another, much nicer (but much larger) multifamily property.2, The second person Currently, I am building a mentor-mentee relationship with a local investor who has fix-and-flipped over 200 properties.

Here's an idea for paint: street view (I hope that works) They painted each unit a different shade, I think it's great.

The law office I work at is on Church Street, right off Marietta Square, so if you happen to be in the area again soon, let me know.