I suppose 5% on repairs could be okay but it depends on the condition of the property and the type of tenants you'll have in that area.For management, usually I will put at least 10% in my analysis (especially for a duplex) as any property management company will typically charge a placement fee (usually 1 month rent) when they place a tenant in the unit.

The other thing you want to consider is condition. 

End of story: $80 for labor and capacitor.Issue 2: Tenants had several late payments leading up to Tenants texting PM that they are breaking the lease at the end of the month. 

Obviously more money down would mean a lower mortgage amount, but at the same time less money down leads to a higher CoC return.

It seems like a decent prospect for appreciation and cashflow since it's situated between JHU and Penn Station and is the site of a fairly substantial development project (Telesis), but I understand the strength of the deal will be determined by what price and condition I acquire the property at. 

I am still trying to get my first transaction/client, and ultimately my goal is build leverage from my initial deals to generate more leads and more business to make a full transition into running my own RE practice.

. @ Ned Carey - Warranty  deed  seems very ambiguous in one section it says this " By Acceptance  of this deed, Grantees represent that they have caused the subject property to be fully inspected, and Grantees agree to purchase the same in "as is" condition.

IF you are not experienced with this, you may be better off retaining an architect on an hourly basis to help narrow and document the current conditions and proposed changes.  

With a value of $120k, the only viable option is buying as a rental, depending on condition and expenses.

There need to be protections in place to prevent people from making bad choices that might lead them to lose substantial amounts of money.That's the point where we have to just respect the other's opinion because it comes down to one's first principles.Going back to the poker analogy....if a non-accredited investor wanted to take his last $50k and invest it in a 506(c) offering, the sponsor would have to tell him no.