Hi Para, I would say run it through the rental property calculator under "Tools" (and you will see a few more categories to think about, like capital expenses), but right off the top of my head look at these numbers (as the calculator is only as good as the input)...

@Nathan BrooksI have 2 paragraphs in my P&S agreement under "Purchase Price"(this is not the complete verbiage, just a summary of what is in my agreement) Para 1: sum to be paid at closing: $xxxx, classified as back payments/legal fees..etc or "balance due at closing $xxx (excluding seller closing costs, prorations..etc). 

Sometimes a para legal will assist as boots on the ground cheaper than a lawyer.

@Irene Q Paras You can get an HML as an individual or as a business entity.

Para #2 of your post: Can you help me understand your statement of a lower rate enhancing your current business model because wouldn't a increased yield in today's time drive more investment $$$ to your fund. 

So you get $75,000 + any amount you can get down.An owner occupant will sometimes put in a lot of work on the property and in this case only paying $300 more than they were paying to rent one unit now they own four.Maybe none of the current occupants are up to par as owners/RE investors but I saw a 84 YO lady sell four units on the 2 lots next to her house because it was just now getting to be too much for her after 40 years In a bad part of Phx 

Byram, CA-5, 83-1 USTC para. 9381, 705 F. 2d 1418),” according to The CPA Journal.But the one thing that appears to be clear is that you do not have to pay taxes on every flip.

This is a local unlicensed broker criminals' record:No active Collier County warrants found.ARRESTS (Collier County Only) Arrest records made on or after 1/1/2007 (last 10 years) were searched.Court RecordsBooking Date08/26/2016AgencyNPDBooking Number201600006689Age at Arrest37 ChargedCountOffenseHold ForCase NumberCourt Date08/26/2016001HEROIN-TRAFFIC 4 GRAMS - 30 KILOGRAMS24S16-1551CF09/19/201608/26/2016001COCAINE-POSS WIT SELL MFG DEL SCHEDULE II16-1551CF09/19/201608/26/2016001BARBITURATE-POSS WIT SELL MFG DEL SCHEDULE II III OR IV16-1551CF09/19/201608/26/2016001DRUGS OTHER-POSS CONTROLLED SUBSTANCE16-1551CF09/19/201608/26/2016001DRUGS OTHER-POSS CONTROLLED SUBSTANCE16-1551CF09/19/201608/26/2016001DRUGS OTHER-POSS CONTROLLED SUBSTANCE16-1551CF09/19/201608/26/2016001DRUGS OTHER-POSS CONTROLLED SUBSTANCE16-1551CF09/19/201608/26/2016001DRUGS OTHER-POSS CONTROLLED SUBSTANCE16-1551CF09/19/201608/26/2016001DRUG HLTH/SFTY-POSS HARMFUL NEW LEGEND DRUG WO PRESCRIPTION16-1551CF09/19/201608/26/2016001NARC EQUIP PARAPHERNALIA -POSSESS AND OR USEWIDMAN ACT16-1551CF09/19/201608/27/2016001VOSP/COLLIER COUNTY-WIDMAN ACT24S16-000647CF09/14/201608/27/2016001VOSP/COLLIER COUNTY-WIDMAN ACT16-000355CF09/14/2016 Jail Summary09/14/2016 TIME SERVEDBond Amount$120,000.00 Arrested Person NameBooking Date04/03/2016AgencyCSOBooking Number201600002800Age at Arrest36 ChargedCountOffenseHold ForCase NumberCourt Date04/03/2016001POSSESS COCAINE24S16-647CF04/25/201604/03/2016001DRUGS OTHER-POSS CONTROLLED SUBSTANCE16-647CF04/25/201604/03/2016001TRAFFIC OFFENSE-DUI ALCOHOL OR DRUGS 1ST OFF16-647CF04/27/201604/03/2016001MOV TRAFF VIOL-VIOLATE RESTRICTIONS PLACED ON DRIVERS LICENS16-647CF04/27/2016 Jail Summary07/11/2016 TIME SERVEDBond Amount$12,000.00 Arrested Person Name:Booking Date02/17/2016AgencyNPDBooking Number201600001382Age at Arrest36 ChargedCountOffenseHold ForCase NumberCourt Date02/17/2016001POSSESS COCAINE16-355CF03/14/201602/17/2016001MARIJUANA-POSS NOT MORE THAN 20 GRAMS16-355CF03/14/201602/17/2016001NARC EQUIP PARAPHERNALIA -POSSESS AND OR USE16-355CF03/14/2016 Jail Summary02/18/2016 BONDED04/03/2016 BOND REVOKED07/11/2016 TIME SERVEDBond Amount$5,000.00 Arrested Person Name: Booking Date03/28/2014AgencyCSOBooking Number201400002945Age at Arrest34 ChargedCountOffenseHold ForCase NumberCourt Date03/28/2014001OPIUM OR DERIV-POSS CONTROLLED SUBSTANCE24S14-644CF04/21/201403/28/2014001OPIUM OR DERIV-POSS CONTROLLED SUBSTANCE14-644CF04/21/201403/28/2014001DWLSR DRIVE WHILE LICENSE SUSPENDED14-1085CT04/23/201403/28/2014001VOCP/POSSESSION OF MARIJUANA < 20 GRAMS (WARRANTLESS)13-409MMA04/07/201412/06/2014001FUG/CHARLESTON SC/CONTEMPT OF COURT ON SECURITY VIOLATIONSOUTH CAROLINAO2014B10001008212/29/2014 Jail Summary12/07/2014 TIME SERVED12/12/2014 RORBond Amount$60,000.00 Arrested Person Name: Booking Date08/21/2013AgencyCSOBooking Number201300007385Age at Arrest34 ChargedCountOffenseHold ForCase NumberCourt Date08/21/2013001OPIUM OR DERIV-POSS WIT SELL MFG DEL SCHEDULE I OR II24S13-1654CFA09/16/201308/21/2013001OPIUM OR DERIV-SELL SCHEDULE I OR II13-1654CFA09/16/2013 Jail Summary08/22/2013 BONDED03/29/2014 BOND REVOKED12/06/2014 TIME SERVEDBond Amount$10,000.00 Arrested Person Name: Booking Date07/23/2013AgencyPROBooking Number201300006504Age at Arrest34 ChargedCountOffenseHold ForCase NumberCourt Date07/23/2013001VOCP/POSSESS MARIJUANA < 20 GRAMS WARRANTLESS13-409MMA08/05/201307/23/2013001VOCP/POSSESS, USE NARC PARA WARRANTLESS13-409MMA08/05/2013 Jail Summary07/30/2013 BONDEDBond Amount$2,000.00 Arrested Person Name: Booking Date06/25/2013AgencyCSOBooking Number201300005748Age at Arrest34 ChargedCountOffenseHold ForCase NumberCourt Date06/25/2013001DWLSR DRIVE WHILE LIC SUSPENDED 2ND CONVICTION24S13-2058CT07/19/2013 Jail SummaryNo information available.Bond Amount$5,000.00 Arrested Person Name: Booking Date06/19/2013AgencyCSOBooking Number201300005586Age at Arrest34 ChargedCountOffenseHold ForCase NumberCourt Date06/19/2013001SYNTH NARC-POSS CONTROLLED SUBSTANCE24S13-1263CFA07/15/201306/19/2013001THEFT-PETIT THEFT - UNDER $10013-1263CFA07/15/2013 Jail Summary06/20/2013 BONDED06/26/2013 BOND REVOKED07/17/2013 RE-BOND03/29/2014 BOND REVOKEDBond Amount$4,000.00 Arrested Person Name:Booking Date02/18/2013AgencyNPDBooking Number201300001657Age at Arrest33 ChargedCountOffenseHold ForCase NumberCourt Date02/18/2013001MARIJUANA-POSS NOT MORE THAN 20 GRAMS13-409MMA03/13/201302/18/2013001NARC EQUIP PARA -POSSESS AND OR USE13-409MMA03/13/2013 Jail Summary02/19/2013 BONDED06/20/2013 BOND REVOKED06/20/2013 RE-BOND06/26/2013 BOND REVOKEDBond Amount$4,000.00   End of detail.Top of Page

Keep in mind that Para 18 deals with conditions that materially affects the physical health or safety of an ordinary tenant. 

Note that the word 'single-family residence' appears NOWHERE [that I can find] in para. 50 (20 (a) (6), Texas Const  In other words, it's the LENDERs attorneys that are excluding owner-occupied duplex [multi-family] owners from getting 20(a)(6) Homestead loans in Texas.