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?    

It cost thousands to have this done on a four unit building.Now, for someone in buildings such as a mobile home community where the after market meters can be put on and read from the exterior of each mobile home and there are enough units to make it worth the time this can be a good option.But in a four unit or smaller multifamily apartment......did i mention just raising the rent?

In most cases it's less than $1 return.To determine after market repair value (ARV) you have search for comps in the area of similar style, size, and condition.

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.

It seems like it's just a matter of time before they brake and therefore I will get a Home Warranty for the house

Pump your Brakes their Scott Hubbard1.