Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).

We all know how expensive the market is in the area and this presents a particular struggle for me as I can't just move to a cheaper area.

So, if interest rates are a buyer’s primary roadblock, then I recommend negotiating a rate buydown at a seller’s expense or looking at new construction, where builders are offering rate reductions and other substantial incentives.What if I’m a seller?

Cleaning has gotten really expensive. 

Some of the materials we choose and asked him to pick up (such as flooring) he replaced with low quality materials, I assume to keep more of our money for himself. 

Regardless of if there is a due on sale clause or not - if you are paying a 2% of property value tax twice - that's a large expense.

You can choose to report your income and expenses on Schedule C by electing to file as a Qualified Joint Venture instead of filing a partnership return.If you have created an LLC that is not in a community property state, and as husband-wife you are the only members, then you are a partnership and must file a partnership tax return unless you have elected to treat your LLC as a corporation for tax purposes.If you have created an LLC in a community property state, and husband-wife are the only members, then you are a partnership and must file a partnership tax return unless you have elected to treat your LLC as a disregarded entity or corporation for tax purposes.

Thus easy to manage and low Capex expenditures.     10.  

If you need to, it may be worth it to just create a website - its really not that expensive to get a basic one from fiverr

I want the cash flow to cover any expenses the property may have.With my next property I am trying to figure out what state/town to go to.