It would depend on so many things, your other income, your other assets, your financial needs, your tolerance for risk, how hard you're willing to work now and later, your age, your family needs, i.e. kids, aging parents, bla bla, what you're otherwise investing in, your experience in investments, your plans for the next 5, 10 or 15 years, and on and on and on.I will say that for anyone, it's hard to get it exactly right.This means that for most people, you will err to the conservative (not enough leverage) or err to the aggresive.

If their parents owned it and the kids know it hasn't been updated, then they know it needs work and may just be happy to have it sold without having to fix it up.

Apparently the owner passed away in a foreign country and his parents who live in Australia, I heard it is in probate but it is also being foreclosed.

This is the absolute poster child for why I don't do the low end stuff.

Some good reasons for the need to move include: need more space (expecting a child or elderly parent moving in), need to relocate for job, lease ended, house they are in had a disaster event strike (fire, hurricane like Sandy).I just filled a vacancy during November with somebody who was moving due to house they were in had a break-in.Just about anything else for a reason to move is suspect.But you will get some on BP who will only do month-to-month.

They must all be executed by the trustee and no transactions with parents, grandparents, or children; brothers and sisters are OK though.At least that's what my CPA tells me.

My wife and I live in her parents basement at the moment so this would be my first bought home as well.

I'd say you need another 3/4 bth at least to get that 4bd rent.....But, in some markets, a 4/1 rents close to market, might be better to take a little less, still beats the 3bd rate. 5 people can live with one bathroom, like parents, 14 boy 13 girl and todler or younger child.

My parents are both institutionalized professionals and always pestered me to just "get a job" but they also sheltered me a great deal, so I was actually pretty unaware of any alternatives.

My parents paid $30k for their house in the area I live (DC suburbs) in 1968, and that was the absolute last time you could buy a house for that price:)That said, doesn't maintenance (i.e. a new roof or plumbing) cost the same in a $30K house as it does in $150K house (assuming houses are same size)?