Traditional mortgage from a big bank, 10% down payment What was the outcome?

Rehabbers (fix and flip) and landlords cant or do not want to pay the good contractors , they think they will get the same quality work from the cheaper guys , that doesnt happen very often .When I bid a job I know I will be either the highest or second highest bid .

So, if the value of your home is $775,000, then 80% = $620,000.That's first.That $620,000 represents the MAXIMUM mortgage amount. 

I wanted to share the numbers and want to make sense if it's a good deal for us according to what we are looking for.Price: $450k (agent said that we can get it down to $420k)2 Units (1 bedroom in each unit)Mortgage with 3 year fixed comes up to around $2.3kInsurance and tax is roughly $400Rent per unit is $1.4k so if we move out then total rent comes up to $2.8kThere's a detached ADU (garage) that can give us another $100-$150 if we rent it for storage and there's a scope of converting it into another unit later on.So currently rough calculation says that it can cashflow up to $300 per month.

If there are plenty of studios or private single rooms at the same price or cheaper than a shared-space room at your place, you will definitely have a hard time filling up.Are there extended-stay motels in your property's area?

At a certain point it becomes a lot of work but you can outsource a lot of the work by hiring VAs which is way cheaper than a management co (definitely not as hands off though) 

Use LVP flooring, it's cheaper than installing new hard wood floors and they're more durable for longevity purposes.

We want to first cancel out the mortgage, move out of the other unit after a year and rinse and repeat. 

Many of them have restrictions that you must owner-occupy the property for a minimum number of years - or you'll have to pay it back with interest.Also, the standard mortgage requires you to owner-occupy a property for a minimum of 12 months before renting it out.

The mortgage payment is $1,000 on each house, so you earn $500 per house or $2,000 monthly.