Property is in great condition.

I would largely consider JC to be worth considering and checking out, depending on the condition of the building in question, but I imagine it's going to take a few more years before it becomes and established area like the west side is.

It has a sales comparison approach value of 150k in the current condition in 2018.

The foreclosed "as is" house we made an offer on was appraised at C4 and the lenders declined the conventional loan due to condition of property: floors are sloped, hole in foundation, plumbing running through heat duct.

If you're a serious investor you should be working with a buyer's agent, who can provide you with projections on what to expect for rent given the condition of a property.

So, the issue comes down to what condition the house/duplex fill in the blank is in.If it is a turn key I keep month or 2 plus I start the tax fund right away and heloc for big ticket items If I get on a rehab roll/stock market sale, it goes down to the numbers above if not this numbers go up.Right now, the stock market is having a sale I am nibbling at it.A house that is rough shape you will need more CASH, you will be doing repairs a lot.

How old is the building and what condition is it in?

It will depend on the property condition, your financials, your plans and the appraisal in terms of how much they will loan.

@Dave Skow does washing Appraisals hobby the conditions of the property like California or more off the square foot like in the south ?

So it's definitely possible to be successful starting out with a property like this, but you are signing up for the School of Hard Knocks approach vs. getting your feet wet with something in better condition.