Hi Guys!

Hi Guys! 

The roof, I’m not sure if it’s bad, but will payout of my own pocket for an independent inspection But the standard Minnesota c4d gives the seller soooooo..... many ways for the owner to “screw me” out of repairs and legal fees paid to him for repairs.

Its up to you guys of course but make sure the sellers financials are verified. 

Lot of it has do with intent, I think ppl use a year as a safe guideline, but if you're going to be there for at least nine months, but potentially beyond and you really don't have a definitive end date, I don't think using a VA loan would be acting in bad faith.

Thanks guys for the insight I will definitely give updates on how things turn out

You are likely to end up with a bit of turmoil with that cheap of a property (probably not in great shape and/or in a bad neighborhood) and lower-quality tenants (evictions, excess repairs, etc.).

Is it a bad idea to back out of my current deal at this stage?

The individual issues are surmountable, but it's the combination (flood plain + low rents + lack of appreciation + bad economy + violence on the street) that made up our minds.

Hey guys, I am a 24 year old looking to invest in a duplex.