Garris here from Kenosha WI I am potentially seeking to put an Offer on my first deal a single family home that is in Foreclosure.

If you do acquire the property then the profit potential is much better of course. 

I would advise yourself, your agent and potentially a lawyer to read the lease. 

I just found this website and its packed full of insight and I'm sure I'm just scratching its potential.

If there's bedroom potential, however, I'd say definitely.  

Looking at a potential real estate investment and I have all the cash flows (after debt service) and anything else I would need I am just lost on a couple of things I am being asked for...

I am looking for a market a little closer to home (Plymouth) with potential.  

I know many are focused on new construction in this market, but I am looking for someone doing rehabs in the surrounding areas right now to look at a potential deal I may have and tell me if its good or not.

Some potential drawbacks to keep in mind are:Additional closing and loan origination costs (two transactions/mortgages instead of one) - speak to your lender and title company about costsTwo insurance policies instead of one - probably close to double the insurance cost as compared to a duplex - get a quote from a good insurance agent and compareTwo sets of property taxes instead of oneThese certainly aren't deal killers, and the benefits noted above may outweigh the disadvantages.

But, at some point, you have to trust people.I also agree on the potential issues with the current tenants showing the property.