I am looking for a return of 15-20 K for my first project, although i wouldn't be heart broken if it wasn't that high after all work is done, so long as money isn't lost, it would be a learning experience. 

Since similar duplexes have sold in a heart beat I'm assuming that those owners found cash flow as well.

HUD fees are no joke and aren't for the faint of the heart, lol. 

@Courtney Merricksthinking back I'm glad I followed my heart and decided to use her services.  

But if you have a good track record and dealt with other people that are investors then yes a realtor with help you out in a heart beat.

The seller had open heart surgery and cannot keep up any longer.Because of the nature of this complex being (sort of) a halfway house vacancies/non-payers I'm estimating at 20% (verified by the seller when we met for over an hour yesterday).

This issue of “assumption” was the same question posed to me by my better half (bless her heart)!  

My heart broke when I heard stories of a kid who would put his "free" school lunch in a zip lock to take home to feed his mom.

To the experts on here, PLEASE chime in if I am mis-categorizing this.What *I* have found, with the price/loan/expenses in our market place is that the depreciation pretty much cancels out the 'paper profits' so that the UDFI Tax does not even come into play.I agree whole heartedly that using the financing to increase out ROI is a huge benefit in SDIRAs.... it just takes some learning and know how.Dan Dietz

We closed, he netted about $18k, and he told me that it was the toughest closing he's ever had- he would wake up in cold sweats, and he had heart palpitations, and so on.