I think your idea of an SFR, functioning as multi-family is a great one.  

It is more expensive then in wall hose/flex duct.Are you considering doing it for aesthetic reasons or for a functional reason like you can't run the duct-work through the ceiling trusses?

So, if you have a 1950's property that is ugly but functional, bank financing is a viable option. 

To help lenders navigate the TILA-RESPA Integrated Disclosures (TRID) Rules, theMortgage Bankers Association (MBA) just released a resource guide written by two of the industry’s top compliance experts, Richard Horn and Ballard Spahr.Jeffrey Schummer, MBA’s Vice President of Education Development says, “TRID is 1,888 pages in length and affects every business functioning in the single-family mortgage market.

I am an engineering manager for a 25+ member team that designs and develops industrial automated leak and function test equipment.

My thinking is to update the kitchens with tile, nicer cabinets (stock so they don't break the bank), and add dishwashers (popular in our market) - but keep the other appliances until they stop functioning.

That while all cars are different, the parts and how they function are similar.

Dealers additionally play a self-governing role, to confirm correct functioning of securities markets.

Your expenses seem mostly reasonable, but I would suggest that vacancy is more a function of the landlord than the location.

So if an investor provides 250k for me to buy 1-4 family properties, or small mixed use properties - is taking a 15% stake reasonable or excess to perform the described functions (assuming investor agreement).