@Quan Pham have you investigated at all the potential increases in property taxes and home insurance (need to have landlord policy) and included them in your cashflow calcluations?

Hello Everone .

I just bought a duplix for 281K in pensacola 2 months ago , Is it the norm to pay around $3200 on a policy ?
Thank you 

If it costs you thousands to refinance it needs to be worth it. 

Speaking to a contractor, just to remodel 3 of the 8 buildings could cost around $750,000. 

Increase earnings, reduce expenses, save up, and invest.

Whether the seller was open to a buyer commission or not, I wouldn't put an additional cost into any personal purchase.  

I just got a notice from the MD department of assessments & taxation that the value of my property will increase from 120k to 261k , spread out over 3 years equally.This is a ridiculous increase of 118%.

Even with renovation costs and insurance costs the fix n flips are still making money.  

The cost associated with insurance for not having 20% is peanuts compared to what you potentially can do leveraging your down payment. 

If you pay down $100K in loan saving you $1K in monthly costs against rental income, or you invest that $100K in something that generates $1K in net income the result is similar.