Ive been meaning to do a blog post on that, or throw the info on my website, but I havnt had time to get to doing it.In DC the regulations are basically the basement unit needs a seperate electric meter, 7 foot ceiling height on 70% of the basement, an egress window, and front and rear doors, only available to owner occupants. 

Basically it comes down to a plan working towards your vision.

Basically you are just selling it without an agent.

I concur the average person doesn't understand even basic financial planning.   

I'm basically starting from scratch here.

@Jonathan Taylor SmithI keep hearing about off-market deals; what is the best advice you would give to someone still scratching the surface of the basics of buy and hold and flipping?

I personally don't like the smaller stuff because I want more units of cash flow and don't want to depend on appreciation (to me thats gambling). 

Real property contracts cannot be verbal -- they require a written, signed contract with at least several basic terms included. 

Yes,I am positive on purchase price + repair which is 180k.I didn't value it at  220k.Below is my plan take 20% loan on Property cost=120K  & spend remaining 30K from pocket so basically i am putting 60K towards the property & getting 205 back I dont know if it is a good investment or terrible investment

You live in one side and rent out the other, making your cost of living there, basically free.