Deal on two family rental(first time)
The seller wants 370000( the tax assesed value of the house is 426700) for his duplex. Each unit has 2 bedrooms and a bath with no major repairs needed, aside from carpet paint and a few appliances.They city it is located in is a good area, similiar houses have sold from 300000 on the lower end to 450000 on the higher end. Renting both units out could bring in 3000 month. Do you think i should take this deal?