Newbie "ready" to buy duplex

[Byron Wise]

I'm wanting to buy a duplex for the long term.  Cash flow is everything for me and I have $150k saved.  I have found a duplex in Sacramento (where I live) that is about $425k with tenants in place and it brings in about $2285/mo.  The realtor has given me rough numbers; with $100k down and current rates, my mortgage will be about $2070.  

What I'm having a hard time with is justifying $100k investment that will bring me $200/mo.  That doesn't account for repairs, vacancy, etc.

Thanks,

Byron

[DJ Dawson]

Hey @Byron Wise cash flow is tough to come by with an on market purchase here in California. As @Tyler Gibson mentioned above once accounted for cap ex, vacancy, etc. it makes it that much more difficult to find some spread. With 100k I think you would be much more inclined to invest with a REPUTABLE (let me say it again....REPUTABLE) flipper in the area or even a syndication if you want to make your money work for you, in the scenario mentioned above I envision a lot of frustration and little to show for it