Although Bed-Stuyvestant having Foreclosure issue, parts of that neighborhood is great place to invest especially when Atlantic Yards finally brakes ground.

It appeared that I was on the path to making a rookie mistake, and because of your info, I've hit the brakes.

@Adam Jeske I think you might need to tap the brakes on this deal and learn a little more before you make a purchase. 

If the lender puts the brakes on us, oh well at least we already have an umbrella policy.

She's hesitant because we're still learning the ropes regarding everything in the BP Beginners Guide.I'm hoping that some of you would be kind enough to review this and let me know if you think I'm on the right track or if I'm way off and if... my wife is right and we should pump the brakes for a few more months until we're more familiar with everything.Here we go...Two duplexes asking price (AP) - $120,000 (so let's say for the remainder of this post we use the AP, but we'd probably make a lower offer, which would generally make the numbers better. 

Kinda like going into business of car repair, without understanding the basics of cars you're sunk, specialize in brakes and that's all you can do is just brakes.

Put the brakes on...

If your aim is 25% return and 40% appreciation, pump your brakes one time.  

Has anyone been able to tap the brakes so to speak and actually do this transition?    

If the belt brakes your pants will stay up given the braces (suspenders is the US term).Your model and your assumptions are not facts.