@John Wolf would be happy to share with you for a cup of coffee.

I would highly recommend checking our AirDNA and paying the $100 and seeing what other homes are making annually in your area.

Double the annual income is not uncommon. 

I've made around a 12-15% annualized in the past 8 years, but have also realized the many disadvantages of the stock market. 

Quick evaluations are as follows, lot rent x number of occupied lots x 30 or 40% expense ratio(depends on who pays utilities) x 12(to annualized)=net operating income (NOIthen you apply an appropriate cap rate.

If any of those go wrong, you can lose money.I don't know if we will be in a down real estate market in the next 5 months to a year, but I am pretty sure in DFW there will be decent annual growth over the next 10 years.We have done both flips and rentals, and honestly we like the flexibility of having multiple outs where out exit strategy can be either selling a house or renting it out.

Purchase Price: $350kDownpayment: 20% = $69kClosing cost: $6kRenovation/Repair cost: $40kUnit Make-up: 3 Units (each 2 bdrms, 1 bath) Rent: ~$1800-2000/unit (per rentometer) (Ran numbers based on $1800)Neighborhood: C neighborhood (not ideal)Built: 1901 (Most questionable part, many items may need replacement and extra maintenance annually) Thank you in advance. 

You're short changing yourself there, it will actually make the deal even better.1-2 percent annually at least.

There are annual inspections for the rental permit for non-owner occupied rentals and walled off units are a no-go.

Thanks 1) the city of Chicago has terrible rules against landlords, as an example Doing this from memory, but I think landlords are required to pay interest on an annual basis to their tenants.