My first (maybe) investment purchase!

[Allan Brock]

So for the last few years I have been interested in the idea of Real estate investing, but have suffered from a bout of paralysis, so it had fallen to the backburner for a time while I worked my life away at my office job.  Then a few weeks ago, it began to dominate my thoughts again, to the point that I know this is what I have to do.  Almost simultaneously, a friend of mine(who has no idea I am interested in real estate investing) tells me he will sell me his duplex in my hometown of Alma MI for $10000.00.  He was willed the house and has never really lived in it, he has let a friend of his live in it for the last few years for free.  To me, this was my sign, that this is the opportunity to take action and get into the investing world.  The house definitely needs work, as he never lived in it, and is not the type to keep up on repairs, but it is not in complete disarray by any means.  I guess I am writing this because the paralysis is still there in my mind, and I am wanting to just use this place, because flop or not, it would be a first stepping stone.  Maybe I am writing this hoping some more experienced guys out there will tell me "its a bad idea" and then I have an excuse to carry on being afraid to jump in.  My mind works in mysterious ways! My main question though, is it possible to get a mortgage for a house that is only 10000$, or is this out of the question?