One side can't be expected to just eat the vagueness.

They also each get a roll of toilet paper and are expected to self re-stock.

Currently I have about $1M sunk into a previous business venture, so I expected I would have to pull some equity out but wanted to explore all options first. 

If this were my deal the sale price on a triplex would likely be around $900k, so if I bought the land for $150k, and my build costs were about $500k, I would expect my interest and carrying costs to be about 10-12% of the total of that, so lets say $75k, for all in expenses of about $725k. 

So far is what I was expecting of it.

Cashflow may not be immediate but if you run your #s, you'll be able to see how long it'll take to cashflow and what kind of equity you can expect to build within your first few years of house-hacking.I began househacking in 2010 while working an NYC job (Health + Hospitals Corp., formerly HHC) earning a base salary and overtime pay that are nearly identical to what you posted here.

Many early investors put too much pressure on their first purchase and have unrealistic expectations.

When they do, expect much lower leverage.It sounds like you haven’t purchased the land yet.

After some minor maintenance projects and improvements, have had very few issues and cashflow has been slightly better than expected.

The expectations in your market may differ!