Found a project in Richmond, VA where the purchase price is under $150k for a duplex in a booming area. The property is in terrible condition where it easily could cost about $150k+ for the renovation and selling "As Is"

I’ve checked the comps and it seems that market price for that area is about $250-$375k along with the next door neighbors home being relatively new and renovated from it’s older structure.

There’s a lot of potential in this property. For learning purposes, I don’t mind being the eye for whoever is use to projects with this potential risk. I have pictures of the property and good insight on the home.

I was thinking of getting a FHA 203k Type B and putting down the 3.5% but there's just so much work needed for this place which is why I don't mind being the eyes for someone who would want more detail.

Overall, I wouldn’t go