The property consists of 4 structures - 2 duplexes, an SFR and 2 car garage, and has 3/4 of acre.Here is the link to my analysis using the BP calc assuming a $455,000 purchase price and below is quick summary.https://www.biggerpockets.com/calculators/shared/260799/874435c9-b77f-4f96-a3de-90be11c4cbbaThe asking price is $475,000, Assumed purchase $455,000.I've assumed $30,000 in repairs as a place holder (TBD)Current Rents total - $4,700 + an additional $75 in income from laundry machines _ According to listing broker.Taxes are $5,868 (verified)Insurance $4,500When factoring in other expenses - landscape maintenance, water, elec, vacancy, repairs, cap ex and PM I end up with $610 in cash flow.

Aloha @Zasha SmithYour folks situation sounds identical to ours.  

@Ryan JamesHi Ryan, you'll need to verify with the county, but the quickest way to determine this would be to see if they are both on one parcel or on two separate parcels.

There seems to be a lot to unwrap there and I haven't done any kind of independent research to verify if every ecomic body out there is raising their forecast of growth or not.

Then you have verifiable receipts if it were to go to court.

They have a  test prep course that comes with the classes, and the questions in the test prep are nearly identical to those on the exam. 

I am happy to hear that you have actually gone through a similar situation and you are verifying that they do use 75% of projected rents for my DTI.

I verify income=4x rent and put them on bank draft.

You will be exempt from 1/4th of the gain up to the limits of the sec 121 exclusion assuming that all units are identical and your accountant set up the depreciation schedules with those equal allocations.2.

With no job or verifiable income, it will be tough to do a cash-out refi.