He is a dual agent in the deal so no one else to ask.

I am considering a househack in the North Broadway neighborhood of Newark, NJ.Comps range from $295k - $325k (from dual agent that I showed me the property).The property is a legal 3 family with a bonus unit:Unit 1 - 2br/1ba = $900 (occuppied)Unit 2 - 3br/1ba = $1200 (vacant)Unit 3 - 3br/1ba = $1200 (vacant)Bonus Unit - 1br/1ba = Owner OccupiedWould you do the deal base on the following numbers...Feedback would be appreciated.Annual Gross Income - $39,600Annual Total Expenses - $19,728Vacancy - 5%: $1980Tax: $5777Ins: $1500Maint - 5%: $1980Repair - 5%: $1980Property Mgmt - 10% - $3960Utilities paid by owner: $2544Electricity (common areas): $264Water/Sewer: $1800Lawn/Snow: $480Annual NOI: $19,872Purchase Price: $295000- 3.5% Down: $10,325+ 5% Seller Concession: $14,750Total Loan Amount: $299,425Annual Debt Service: $19,416Principal/Interest - $1416Mortgage Ins (FHA) - $212= $1618/month ReturnsNOI - Debt service = $456 Annual Cashflow- $792 (2% of Annual Gross for Cap Ex Reserve)= $ -336/yrThanks!

What I have done thus far:1) added down spout extenders around the house2) built the one side of the house with dirt3) for whatever reason, the holes in the croc were plugged up with cement and we removed the cement and installed a brand new high voltage sub pump.

For Maryland it is a dual purpose document a disclosure and disclaimer statement.  

I am an agent and while I can do dual agent, I usually will not.  

We strongly recommend segregated dual signatory FDIC insured accounts.  

most if not all Brokers have developed strict associate guidelines such as a total BAN of dual agency on any property in which there is an agent/broker OWNERSHIP interest for whatever the time period (ie the contingency contract u assign as a wholesaler).

Is there any way I can do a little creative financing and use an FHA or Conventional Mortgage since its dual zoned? 

This will be a massive research project in itself.Finally, goals are dual - a bit of cash flow but with the aim of holding on for appreciation until a time when either the market says "Sell now" or retirement accounts begin to dwindle.

That way you have a much better way of winning because the listing agent wants to be a dual agent and double dip the commission.