Considering first duplex deal

[Darius Lipsey]

I've found a duplex in a great area that has tenants currently and from what I've been told has a great rental history. Seller is asking for around market value around 100k and rents at about 1500. Conservative rents hit 1.5% and with very very conservative estimates of expenses cash flow would be positive but not much. I'd like to think there are areas that I could I add value to the property for little cash and potentially raise rents a bit and raise the value of the property. It's not a great deal, but I still like it because the location is amazing. Thoughts?

[Josh Caldwell]

@Darius Lipsey I would hold out and look for great  There is no reason in my mind to go after average when there are so many other houses to choose from   You are under no time pressure, so why pull the trigger early, JMHO