FIRST DEAL! Confusing situation, numbers loom good!

[Brandon Andreola]

Hello Everyone,

I am currently looking at what i believe to be my first pretty good deal. Im 23 and looking to house hack with my wife. We are both super interested in realestate and believe house hacking to be the first best step to building a portfolio.

We recently found a unique property. Its listed for 150k (Sellers said its negotiable right away) it is a single family house, however it has 2 identical units, 2 bed 1bath, kitchen and all. The units do not have meters for utilities. I would install meters. 

The current landlord Is charging 800 a month. Plus $100 for using garage with finished office portion for tenants work. $900 total from the tenant. 

I will try to get the property for $135k. I believe the appraisal will be above the $150 asking price and the numbers work well. It is in a market i really like because of growth and i believe the sub market is improving in that area.

Do you see any downsides or potential issues to a house that is 2 units but listed as a SFH?

[Matthew Paul]

Check with zoning to make sure its a legal 2 unit house .

Besides that if you separate the electric , and get it for $135K  its sounds pretty good .