We live in a revters town.If I get these homes I am thinking I can do two things.One if course is to rent them out and from the rent save the taxes,insurance, cap ex, vacancies, and repairs included.

I'm saying your doin good if you'll clear $50-$100/door after all expenses including CAP EX savings.

With the help of social media I was able to locate the ex wife and through her I located the ex husband.

One of the biggest concerns I see with larger MF units comes in the form of not having enough Cap Ex reserves to remain competitive or for that matter compliant with gov and other regs.

This is not an owned home therefore I don’t believe the rights of spouse, significant other carry over.Tell the husband to immediately call authorities and you as landlord when soon-to-be ex-wife tries to re-enter.

For ex if ARV of property is 700K . 95% of that = 665KAnd Lets assume you already borrowed 530K So far , then you can essentially use that 135K for next deal .

Both of us on loan, we get owner occupied interest rates and flexible down payment amount (although I feel I would want to put down 20% to remove PMI)Once Dad sells his home (easier to do than finding a duplex) he will give me about $55-65k of the profits, be the owner occupier in a duplex, go halfsies on repair/cap ex, but only wants to pay about $500 per month (he'll adjust for inflation!) 

I hadn't accounted for PITI in that 35% discount, but rather just the vacancy, property management, cap ex and maintenance. 

At a minimum I would use an 8% vacancy and 7% repairs/maintenance and 7% cap ex. 

awhile ago someone had posted a list of items which can be deducted from security deposit after tenant moves out  ex: cleaning services Anyone know how I can find it again ?