Then I finally took the attitude that you can't get a hit if you don't swing the bat.So know I run the figures, calculate the repair costs and my desired return.

Finally - being a young guy, you may dig this post: How to Start Investing In Real Estate at a Young AgeThanks for introducing yourself!

I'm glad to have someone analyze and make me think outside the box.I know there is town water in the area now definitely.based on a relatively fair comp analysis, (how close, similar size) it appears to be closer to $150 per sq.

I've always been interested in real estate and I'm finally ready to do something about it.

Would you mind looking at my analysis spreadsheet and give me any insights you might have?

Kenneth I think he's saying that the rents are $1100/unit, so it would gross $4400 (~3800 since it's owner occupied with room mate),50% rule would leave him with 2200 in expenses which means he'd be losing3800-2200-2579.15= -979 all included (hopefully).At least that's my newbie analysis.

Here's the link to my analysis spreadsheet.

I am getting ready to make a final payment to my contractor, but I wanted to make sure that he is going to guarantee his work after he is gone.

After much frustration with their bidding process we finally went under contract with an all cash offer.

Only by looking and evaluating deals will you know a real deal when you finally find one.