@Mark Updegraff Here is the cashflow analysis that i got form the agent.Price- 23500Potential Rental Income-7800Real Estate Taxes-1294Property Insurance-305Water-142Vacancy and credit losses-390Cash flow before tax-5669Tax liability(savings) at 36% - 2041Cash flow before tax-3628According to the agent, it has a 5+ year tenant lease and the roof is 2 months old.

We kind of had fun with it and my parter recorded it pretending to be me in a super excited tone.

You're going to need good credit, meet DTI standards, have 20% down atelast, then the bank is going to want to do thorough background checks on your contractor, appraisals, double check your repairs estimate to be sure its accurate, yada yada yada.

This property needs little to nothing as it has vinyl siding and a newer roof only thing i will be doing is painting and cleaning the second unit to rent it.

Hell I have never even noticed this house was a 2 family till I walked in the backyard.Sales lady said it needs a roof and other work.I see it needs new exterior doors and storm doorsneeds some new windows.

If you are wanting rentals with bank financing, you're going to need good credit.

The Tenant/Buyer shall be solely liable for payment for said improvements and shall hold the Landlord/Seller harmless there from, except that any structural, roofing, electric, plumbing, heating or cooling systems that is out of order at the commencement of this Lease or within_________ days thereafter, will be repaired by the Landlord/Seller at his/her expense.

Yes, never ever put in writing anything that you don't want read back in the snottiest tone possible in front of a judge.

Then call 5 or so property managers and tell them that you are an out of state buyer, pre-approved for a mortgage, are shopping for properties and are going to need a property manager.

4 properties would be less work than 10. 4 properties are much maintenance costs. 4 properties is less roofs to replace.