He is generating $150 extra after mortgage, bills, and saved costs for repairs.As we move into the direction of life and family future, we are looking at ways to create more financial freedom.

Our underwriters just condition for "legal counsel to review and approve ABC Trust" right alongside the stuff like "updated bank statements" and "verification of employment."

So you could start out that way and then maybe not need one.Or you could short sale it, etc.Rehab would be the last ditch effort I would ever consider.Location, condition, etc are all known before you ever buy, so it not like you HAVE to buy it or will get stuck with it.Do your DD, REAL DD, not this electronic nonsense and youll probably be okAnd on $5k, a 15% return is only $750...

The Virginia side of the border that is essentially a no go, while DC and Montgomery County both allow it with certain conditions.

House in good condition/movein would sell for $265K or so. 

I would like to be absolutely sure of the condition of the building and the rental history and rehab costs before making an offer. 

@Matthew Paul Tree Lady:No you are responsible for anything thats on your property falling on our property I will put a lein on your duplex and go to small claims court so please be aware of this I'm not messing with you I will see you in court everything is documented and I will get ahold of finance company where this duplex is financed through I already have your insurance info so thank for talking with meWhen people try to threaten me with what they think is legalese, its an awesome indicator they are blowing hot air and have no clue.

I've always wanted to get a head start in life at a rather young age and i believe investing in real estate could be my ticket down that path.

My brother and I really want to go Into this career together, as we have accomplished many things in life together and know that we can create success in this as well.

As with most things in life, experience will give you the most knowledge..... good luck and happy hunting.