The tax value is 92k with an arv of around 115k since the next building is the exact duplex renting for 596 each side.Also, the dining room could potentialy be made into a bedroom by adding a wall thus making it 2br and 1 bath per unit.The "minumim" repairs to be able to get one unit rented at 375 or 400 again will be around 5k after the purchase of the property to replace windows/repaint and some maintenance.If I bought this unit for 40k and 5k to repair 1 unit the numbers are not great but the potential for this property is incredible.I live 50 minutes away and can do most of the repairs minus the roof and windows but am stretched thin. 

Started managing properties for myself, then started adding management for others.I am currently using Buildium and have been satisfied. 

@Kendall ShortWhat were some ways you added value to the rehab, and what were some ways you saved money on your rehab?

Adding new roof, all new split unit HVAC to replace window units and paint/clean up the grounds.

So, in this case, would having the son added on the lease give the dad the same flexibility to break the lease when the deployment happens because the lease is jointly in their names?

I have heard people say they placed ads for their potential rental to see how much interest they could generate.

I have raised rents on 3/4 of the units, brought an old laundry room back to life, and added storage sheds on the property for additional income.

I have raised rents on 3/4 of the units, brought an old laundry room back to life, and added storage sheds on the property for additional income.

The buyer pays the brokers fees and get added to the title.

I'd go 8-10% for the added buffer.