Nice neighborhood with mostly cosmetic repairs needed, 3 bed -2 bath is what I have 2 been looking for but not really seeing anything to jump on.  

When I have my millions under the bed I might invest in areas like Detroit but for now I must pass....

Also adding an egress window so that we will have a 4 bed house.

6,617 Sq Ft.10 Beds / 5 Baths1.07 Acres.Was previously used as a school, but can be residential or commercialBank owned.  

2340 sft, 3 bed, 2.5 bath. 35% hardwood floor, rest carpet and vinyl in bathrooms.

The property we are interested in is about 2 hours from our house and my husband does have a background in construction.The property is listed at $234,000, I would hope to get is for $200-210k due to it being on the market for quite a while, it is in good shape with a newer roof, windows, furnaces etcBased on the home being 210k:Typical rents for area, property was prior owner occupied entire building so is vacant 1 3 bedroom 1 bath unit $1300 1 2 bed 2 bath unit $1100 total=$2400We would plan to put 20% down, our mortgage at 3.75% would be=$778A quote I got for homeowners insurance was = $134/monthVacancy = 10% = $240Property tax = $383Water/Sewer = $40Maintenance = 10% $240Management = 10 % $240 (Ourselves, but will hire people until we move to NH to owner occupy)expenses= $2015Monthly cash flow = $385annual gross income = $28,800 annual expenses = $24,180 annual cash flow $3,820cash on cash return $3820/$42000 = 9.09%ROI $3820/$210,000 = 1.8%I'm not sure if this will be a worthwhile investment, the main reason I am interested is that it is in a good area, the north end of Manchester. 

That said, I would go for a bread and butter 3 bed in a working class neighborhood if at all possible, in your own name or together with your spouse!  

Ph# ___________CONDITION__Occupied / __Vacant_____ Bed/_____ BathConstruction _____________A/C ___________Elect.

If its on the Southdown side, you can prob get more then 650 for a clean 2 bed. 

Currently I would love to purchase a 8 bed room house that's listed at 180k.Propert tax 5k a yearTo live on campus it will cost us all 10k each not covering the cost of food.