There is just so many single family units available that the available tenant pool for multi family tend to come with " baggage "Another VERY important item against multi is that they are taxed at a commercial rate.

@Jason DiClementeHave you broken down the replacement cost per major item over the hold period (life of the loan)?

The tradeoff of potential assessments does not out weigh the benefits of not having to directly worry about roofs, foundations and outside items coupled with 20% cash on cash has my attention.

Feel free to post if you have any questions on specific line items within the calculators.

Again, if you can identify the price point of the home, the finishes, and what major items I listed above will be done, we can more accurately respond.

I know there are landlords that protest that including these items will expose them to unmanageable maintenance costs but to be honest we rarely get calls (I use top load washers - more durable and simpler technology than front loaders).

I would think it would be part of the budget (a Maintenance Item) and then everyone assessed for it, by a small increase in your monthly HOAs.  

The individual line items I have mentioned will be more in line with my projections than your lender's estimates. 

Suggested legal language for Purchase and Sale Contract: Seller and Buyer each acknowledge that in connection with Buyer’s application for approval to assume the loan(s) currently encumbering the property (the “Loan Assumption”) certain items must be delivered to __________________ [INSERT NAME OF LOAN SERVICER] (“Servicer”) so that Servicer may timely process the request for Loan Assumption.

That duplex is in Euclid, OH. and you need to replace big ticket items occasionally.