Then you can try negotiating and have some wiggle room to eventually land at or below your target purchase price of $50k.

its was master planned for quite a few more units than were eventually built.. the developer I worked for tanked in 1990 recession. 

We would also like to, eventually, get one rental property.In the Denver area.Thank you.

If you negotiate hard, honestly and often than you will eventually land a great deal.  

I guess as you rent to more and more folks you will eventually have tenant issues including evictions. cheers!

The rehabbed comps in this neighborhood are selling for $110K.My area of concern with this house is that it will probably need the polybutylene plumbing replaced soon ($8K expense) and eventually the pressboard siding ($9K expense). 

I'm really looking for some part-time passive income that hopefully can eventually grow to something which would allow me to quit my job and enjoy my hobbies.

But investing is where I want to be...eventually moving on into the big bucks with multifamily in the Northern Virginia area.  

I played 2nd and short when I played softball, but eventually when I started playing with huge people that could bat the balls at mach 1 into my stomach, I moved to outfield and enjoyed it quite nicely :) Lol.

My goals are to then use my resources to invest in a multifamily use property and work my way to apartments and eventually having my own real estate company.