It’s terrible.

There are also breweries and expensive condos within 2/3 blocks so its not a terrible location just some nearby sketchiness.2) Home function: The house has no front yard, no outdoor storage, and almost no backyard for tenants of the 3 units to enjoy. 3) Parking: Only 2 parking spots for 3 units (8 beds total).

When this one came up it was a duplex for under$50k, right in the part of town I wanted to buy in, and condition didn't seem too terrible.

Most Property Managers will not even manage a rental with a home warranty because we understand how terrible they are.

Your “cashflow vs down payment model” to me, is a terrible strategy.

It has been structurally sound for at least 10 years since the addition was built, foundation company even mentioned in passing it'll probably be fine structurally for 10 years if I don't mind the sloping floor slowly worsening, but no guarantees on timeline.Is this a terrible idea?

Looked at a bunch of 2-4s but the yields are terrible.

It is a small enough area that it wouldn’t be terribly expensive.

The newbies provide terrible comps and construction estimates for their deals because they don't know any better.

It would be terrible to do all this work to save money, only to lose it on vacancies that sit on the market.