If you can put as little of your money into the property and make money after all debts than that is a winning combination. you would be better off lending that money to another investor and making more % on your money without having the hassle of being a landlord.Btw, in your description it says rent is $1125, yet you have $1550 in the report, and your water is awfully high per month, $225 ?.

Combined, the offers were $316,500, bringing in $3,800 from the start which we are already upgrading to make that $4,300. 

That seems way to risky unless you’re both making combined 500k or more a year, which I’m sure is possible.  

It could easily be a combination of what you’ve read here.

You will have your brother on site, find him a good handyman to be your go to guy to fix things and you just might have a winning combination.  

Analyzing as a combined property makes the most sense and meets my criteria.  

If there is an emergency that requires access to the basement, a lock combination will be provided for urgent access.

Will paint the trim as well to make more modern looking. 

The 2nd and 3rd is a combined one unit, but it is a shared room lease so it will be on a separate lease.

We are still positive on cash flow, about $400 a month combined.