Prices have been increasing consistently in (or around) the double digits year over year, which should tell you something about demand.

I found a potential deal that consists of the following: two 2 bed 1 bath single family houses on the same lot, but they have different addresses and separate utility meters.

It doesn't take any thinking or smarts aside from consistently buying. :)

I’d say sell that property before something goes wrong then go back to square one, save up for a down payment and ample cash reserves for when something inevitably goes wrong, establish 2 years solid and consistent income, build credit, find a bank to work with and start over again in a better asset class.

My main goal in real estate is to obtain consistent cash flow in order to have financial freedom through long term rental properties.

Income:$3,800 Gross Monthly Rent CollectedExpenses:Management $380 (10%)CapEx $228 (6%)Repairs $150 (4%)Vacancy $304 (8%)Wind/Hail $200 (5%)Property Taxes $200 (5%)P&I: $1,900 (50%)NET PROFIT = $450-500/MonthCash on Cash ROI: 8%LOAN DETAILS:Purchase Price: $350,000Downpayment: $70,000 (20%)Amortized Over: 20 YearsLoan Interest Rate: 5%Income-Expense Ratio: 1.08%Gross Rent Multiplier: 7.68

My net worth is currently more than triple what it was back then, which i guess is a testament to the power of time, consistency, and the happenstance of investing before the current run up in stock market and housing prices.

@Anthony Testino I operate in Philadelphia and use hard money consistently. 

They should be automatically multiplied times the number of months you indicate for Rehab time.  

@Tyler WorkLooks like we were all offhttps://www.airbnb.com/help/article/1857/what-is-t...it's about 3%, I also confirmed with a random sample of my bookings that 3% was consistent.