It is a duplex in the heart of the south side of Easton Can someone please check my numbers and make sure I’m not missing something.$125k purchase price75% LTV 4% interest rate and 4% closing costsTaxes is about $3,300 and insurance $800The only other cost is water and sewer at $600-$700.One unit rents at $800 and one at $950The way I see it with 30% for vacancy, management, repairs, and capex it is an 8% cap which cash flows $200 a unit and has a 12% CoC.It’s an older building and isn’t pretty but both units are occupied and in the contract we wrote that the seller has to show their proof of payments.Besides the numbers I’m also nervous that the seller just bought it a year ago at $87k and was quick to counter our offer below his listing price.Thoughts or comments????

Believe me when I say this, building in the mountains is not for the faint of heart.  

I know there will be people who say to do it in a heart beat.

I'm convinced to give my whole heart to real estate investing.I'm currently looking to connect with real estate agents that can help me start up.

I would usggest not quitting your job until you have bought enough properties that you feel you have learned a strategy to the extent that you know in your heart you can replicate it again and again.

Finding ways to buy them out... or....If property maintenance is "on your heart" for you community launch a property management company.

@James Free - funny you should say so, because I definitely left my heart in Fort Collins and am hoping my RE journey will take me back up to that area!

My oldest son is ten and has been diagnosed with autism and also a heart condition that makes him have to go in every two to four years for open heart surgery.

It breaks my heart for them and makes me extremely angry.

But they will buy an older, cheaper,  rehabbed house in a heart beat.