HOWEVER, I recommend reading Stuart's advice above very carefully and perhaps soliciting his feedback on the deal in more detail before putting too much more time into it. 

Then I(we) control everything.I know there are details to work out, and I am still in the thinking/planning phase, while I continue to save money, but is this a conceivable plan?

Property details: 3 bed 2 bath both sides with attached garages, aluminum siding, copper plumbing, 1972 construction, separately metered, all electric water heater, range, dryer, public water and public sewer on a slab foundation in a great school district right next to brand new construction everywhere.

Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchanging "doc" with "pdf" for more options.Here is an example and explanation: Sample EstoppelSome have a lot of legal jargon but this document does not need to be so detailed.

@Heidi FischerI just answered your question in great detail in a separate long post:https://www.biggerpockets.com/forums/51/topics/1220969-expla...

As a "retired" public accountant and tax consultant I perform a lot of detailed ROI analysis for my clients. 

Can provide more specific details if interested in helping.Is this your first house hack? 

However, it’s important to ensure the area is safe. in those areas I would recommend checking local crime statistics on SpotCrime. you can use this link for an example,to get detailed information: https://spotcrime.com/map?

Your concern about deals looking "too good to be true" with 50% down is valid, so focusing on a well-rounded analysis is a great move.Tools like Cashflow Analyzer Pro with Deal Instant Analyzer can provide a detailed breakdown of real estate investments.

.✅ Investors - Keep detailed records of ALL rental property expenses to reduce your taxable income - helping your CPA spot additional tax saving opportunities.Imperative to use a CPA who is well versed in Real Estate tax code.My CPA is just that - DM me to get his contact information....