Keep the connecting doors, but put in a double sided deadbolt.  

There are tons of available single and double units available for low/moderate prices and rents are solid with a good working-class tenant base.  

I would shoot for double digits.If I'm reading this correctly, you aren't paying anything for property management.  

So basically is there a set rule that says if a new tenant moves in under a new lease that I cannot raise rent to market, in this case it would be almost double. thanks for taking the time to chime in anyway. all input is appreciated  

You might want to double check your sheet to make sure it was counted as an expense.Total income is $56,760 + $1,200 = $57,960.Annual projected NOI = $5,581 or $465/mo.You are putting $68,000 down and let's assume another 3% in closing costs of $10,200 for a total cash in of $78,200.That makes it a 7.14% Cash on Cash Return.If you want a 12% COC you will only want to put $46,508 in.  

Also double check you can even get insurance.

Who can do assignments and double close?

You will be paying more initially on a "double mortgage" - one to her and one to bank but it would make you both money until you have enough capital to do it without her. 

You may assume that and I'm fully aware of the advantages of using different representation for both sides of the transactions, as well the potential pitfalls of double-ending and dual-agency.Thanks!

Have a mentor double check your work and ask experience property managers what they think they would be able to rent something at. 2) Build a team on the ground.