If you ever need a second opinion on your proforma/underwriting or need a market analysis on rents, let me know how I can help.  

If Eli operates his business correctly he will personally be fine and given the collateral is an FHA property the transactional costs simply don't justify the added transactional expenses if a risk analysis were run.

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

If you start from ground zero, they won't appreciate you starting the conversation there.Do 5 deal analysis. 

I did my analysis as if I was not house hacking one of the rooms or as if I was counting myself as a paying tenant. 

Based on a quick analysis, you're looking at a ~4.2% cap rate (Before Debt).

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

Not only do you have all the same analysis of a flip, but add to that the long-term hold and being a landlord piece as well. 

Murphy's Law applies like a mother to REI.First, if you are doing all the project picking/analyzing/Comp Analysis and you don't know the market, and you don't know the formulas, and your numbers are wrong?