If the numbers work, go for it and just make sure you have that second and third strategy in place just in case. 

What I understand is it was being sold by a third party (bank).

If the there is equity, there's a chance that the property will sell to a third party bidder and that the estate would be entitled to any excess proceeds.

Yes, we have room for a bathroom in the attic/third floor.

I also see more and more existing investors who are settling for, or even celebrating, terrible ROI on their rentals.

Using the money I have left over from the first deal I would purchase a second 2-4 unit ideally something that I could BRRRR and later use the equity that I pull out to fund the purchase of a third property.

The third layer would generally not be acceptable to most insurance companies.

Warwick is technically the second largest city, but recently slipped to third because Cranston counts the population of the state prison to it's overall population.  

From here expand into: Direct MailOnline ResourcesNetworkingReal Estate AgentsBuilders & ContractorsWholesalersPublic RecordReal Estate AuctionsDriving For DollarsBest of luck to you, and be sure to update to we can celebrate when you find a seller!

The home has an additional room right off the garage with its own entrance that can be used as a third bedroom, office, entertainment room, you name it.