Common syndicator game of throwing out huge returns when other funds are going under because they want you to only look at that shiny number and not what their past performance has been

Multi family isn’t as common as you’d find in other parts of the United States, but there are some good properties here to be had!

However, there may be a commonly expected way of handling it in your area.

It seems there’s a common misconception largely influenced by social media, online courses, and influencers who oversimplify the process that real estate is an easy, passive way to generate income with minimal effort.

My partner and I keep an excel spreadsheet of rent, our purchases, utilities, taxes, insurance, and money spent on contractors.

There are quite a number of things that can make utilizing an FHA loan more difficult such as more barriers during appraisal, appearance of low qualification/little cash, typically longer closing period, likely higher interest rate, and PMI cannot be dropped without a refinance if 3.5% down.That said, just chain 5% down conventional loans, and make sure your duplexes pay for themselves.  

.- BTW: the $1300 includes all utilities being paid by the landlord.

I should have elaborated in how the utilities are handled.Septic is the only private utility, and thus is my responsibility.

Quote from @Alex Moazeni: You are making the common mistake of allowing a tenant to push you around.This is your property.

It is a common concern, I think if you are writing competitive offers then you can request a discount.