Ultimately, the owner needs about $10-15k minimum over next couple of years and he may not want to do this.I’m guessing you could buy it for $500k, put in $150-180k and sell for around 800-900k.

If you are considering investing out of your own "back yard" when starting with investments there are only a couple things I would do. 

My neighbor had a tree removed a couple of years ago, behind the house, needed some weird crane thing to remove it, and it only cost $5k.Is that a Silver Maple?

I made a couple mistakes in the calculation, but conservatively, I will still either break even or may lose up to $100/mo.

I have been approached by a couple friends and family members who would like to invest in the business.I currently have two people who would like to invest 100k each in a passive setting in exchange for a dividend or something along those lines.

We did some work on a couple of his flips and I assumed that he was a person who flips houses and I was actually looking for someone who was more of a buying hold investors.

@Sylvia B. knock on wood, I've been getting nurses and older couples.

I missed out on a duplex in Del City that was a couple of blocks from the base just last month. 

I have been on BP and listening to the podcasts for a couple months now.

They make big money but local PMs charge 40% so if you’re not willing self manage (which takes a couple minutes per day) the returns aren’t as big.