Ann Hello and Welcome your at a Great Place on BP an Lots Of Information on Wholesaling make sure you Network an Join some meetups & your Local Real Estate Club in Your area as well.

I really appreciate the information!!!

I just got my interest peaked in my crazy online search for and affordable real estate investment but haven't the slightest clue as to if I should even begin to peruse just for informational purposes or actually roll up my sleeves and go for it.

We like to play fair over here so I can send you links on just us or a few detailed sites (that we don't manage) on every software, including their information.

There is a lot of vital information on this website - use the tool tab at the top of the screen to begin the learning process. 

@Kyle Grimm Thank you as well, there's much to learn in REI however I feel more informed everyday with the help of everyone on BP.

I know that the maintenance information I would get from talking with the seller, correct? 

I don't have all the date specifics so if anymore information is requested, I can update but here is the gist of things (just wanted to hear reddit's opinions):Opened escrow on Aug 8th for a triplex in Los Angeles.

Like Greg said, you need to provide some actual numbers to get an informed opinion.

I tried to include all the pertinent information below:Rental Income: $13,200Rent: Currently has a tenant on one side at $550 per month without a lease – I’ve made it a condition of the sale that the tenant has either signed a new lease with my property management company or delivers that side vacant; other side is not rented out due to required rent ready repairs; rental comps in the area show between $550-600 (I’m being conservative and assuming $550).Expenses:Vacancy: 10% ($1,320)Property Management: 10% of gross rents ($1,188)Property Taxes: $2,065 ($905 for City of Memphis, $1,160 for Shelby County)Property Insurance: $450 per year Repairs and Maintenance Assumption: 2% of Property Value per year ($980 per year)Utilities: separately metered; all paid by tenant except for lawn mowing at $25 once a month for $300Advertising: 6% (roughly ½ of first month’s rent) $792 per yearDebt Service: Based on $49k purchase + repair price, 20% ($9.8k) down, 5% 30 year fixed is $2,525 per yearLocation:This is probably where most of my concern is coming from: Western edge of Hickory Hill, Memphis, 38115; major cross streets: just SW of Clarke Rd and Winchester RdAcquisition:Purchase Price: $42k, seller to pay closing costsRepairs: $7.5kTotal Acquisition Cost: $49.5kARV: Large range of comps in the area, best guess is $60kFinancial Metrics:Net Operating Income: $6,105Cap Rate: 12.33%Cash Flow: $3,580 per year, $298.33 per month, $149.17 per unit per monthCash-on-Cash Return: 36.5%Do you think it's a good deal?