So one way or another, you youngsters better start BRRRing! 

The rear parcel thing doesn’t sound right.....it would Have to have a different tax id no., through subdividing, to have a transfer deed for it recorded. 

That agent doesn't get a commission check unless she knows someone that can lend on it, so you bet your rear she will have someone. 

My original thought was I may be able to "house hack" but I think I'd prefer to rent it out due to the high rent.Duplex Details:Asking Price: 350kFront unit under contract until Aug 2018 @ 1150mo.Market Rent Rate is $1300-$1400moBuilt 1977, solid brick construction, 900sq ft and unfinished full basement (x2)Garage attached to rear unit  New 40yr roof replaced 4yrs agoRental Property Calc for Ann Arbor Duplex (link to see property analysis)I can afford a down payment of 20k so I've ran the deal analysis for a FHA loan: 3.5% downClosing costs: $7410 ($5910, 1.75% one time Insurance fee + $1500, Inspection and other)PMI = $243mo (0.85%)Property Taxes $703moI've included minimal expenses for cap-ex and vacancy.My conclusions:  PMI makes this a bad deal for me.

Learned a hard lesson I wanted to share with the community. I'm sure some are aware of this, but for those of you who are not, take note, this WILL save you. So today is Friday. We are supposed to close on a flip Mond...

We then turned to the rear unit which needed double if not triple the work the front did.

If they didn't do that, they would starve when winter arrives.The Future is VERY important.Another analogy I like to use is to Drive your Investments like an Investment Vehicle.When you look at past Data such as previous Sales, you are looking at the Rear View Mirror of your Investment Vehicle.When you look at current data, such as the current Rents and Expenses to calculate your Current cashflows or your Cash on Cash Return, you are looking at the side view... watching the action go by as it is occurring.When you look through the Windshield of your Investment Vehicle, you are looking at the road ahead.... seeing the path that it is taking you... and all the obstacles in the way.You are less likely to CRASH your investment vehicle by focusing on looking through your Windshield than remaining fixated on the Rear View Mirror or the Side Windows.If the bridge is out and you fail to see the bright red warning signs..... if your eyes are not looking straight through that windshield........ you will Drive your Investment Vehicle into the abyss down below.So please.....

As @Michael Swan always says, you need to be prepared for when Murphy's law rears its ugly head.As far as PM goes it seems like the common number that people on BP use is 11%.

If you can do it with humour all the better and no, with or without humour, you can not please everyone.I personally do not give a tiny rodents rear end what others think of me, after all it is only the interweb, but then again I am not trying to drum up business.  

Here's what I know (first time dealing with this type of issue)A structural report conducted by a local engineering group recommended:- Piering to stabilize, attempt to return to original levels the south east corner of 5311, approximately 23’ of the east(rear) wall and 12’ of the east end of the south foundation wall.- Approximately 4-6 piers are recommended, final number of piers to be guaranteed by contractor performing the work.- Epoxy patch all cracks in the foundation walls per the attached specifications I would recommend the owner maintain the following items in the future:             - Maintain grading around the foundation of the house per the attached specifications             - Epoxy patch all cracks in the foundation walls per the attached specifications as they appear             - Keep soil near the foundation walls moist during dry weatherThe seller has offered to complete the piering (estimated at 5k) with an offer that matches the asking price and my agent said all the cracks appear to be epoxy sealed already.