First time home buyer looking to house hack
Currently in the process of possibly purchasing a duplex, 2br /1ba each. The seller foreclosed on the property and the selling Realtor is stating that the bank will not (but assuming) accept an offer below 135k (DOM 45). Original asking was 140k. PP at 135k with 5% conventional loan. Market rents are at $850 to a 950 in my location. I feel that i'm over paying for the property but weighing out the pros and cons. After the inspections i know i need about 10k small/medium cosmetic work. gutters, light plumbing, parge coat for foundation etc. I'm looking for guidance and more in depth information on what most ppl would do in this scenario.