I work full time so I'm looking for something that I can jump into with lower maintenance issues and not having to worry too much about toilet calls in the middle of the night, or leaking roofs.

An inspection saved me a new roof.

Typical expenses of a property are: taxes, utilities, maintenance expenses, capital expenditures (big ticket items like roof, boiler replacement, etc.) and insurance.

I live in DC and the prices are through the roof.

I do mine quarterly, there is a lot that can change in 3 months, batteries in smoke detectors, leaks under sinks, furnace filters, roofs, cellars you name it.

If you can get him down on the price, and there are no major issues (roof, foundation, etc.), you may have something worth pursuing.Good luck!

Here are the details on the propertyJanesville, WI4 unit; 1b/1b eachAsking Price: $100k (Also assessed at 100k)Rent: $2300 totalLandlord Costs (Gas, Water, lawn/snow): $303PITI: $832 (after Refi with loan value 98k)Vac, Maint, CapEx, Mgmt: (8,10,8,8) $782Repairs: 17 yrs SMOKE DAMAGE; new roof; new windows; Kitchen updating - Estimated: $25kMy only comp is another seller with 4 unit; 3 units with 1 bed, 1 bath; 1 efficiency; who said they were putting on market for $160k (though assessed at $115k).

Plan about $9K in repairs up front for new carpets or floors, paint, 6 appliances, hot water heater, plumbing leaks, and to fix whatever else was broken.Also, if you are planning FHA financing please beware that many of the foreclosures will not qualify due to disrepair.  

I see a drop down tile or two that needs to be replaced due to a possible leak that needs to be fixed.

@Jay Hinrichs I agree ADUs definitely offer a great opportunity and I think is the most feasible in this market as multi-plex prices are through the roof.