Tracey,I'm no expert by any stretch but feel free to PM me and I'll answer the best I can (:

I chose $195,000 because it gave the deal 25% down and stretched my $50,000 so that I could pay all the bills the first year and then some as the apartments come on line.

If it's cosmetic I believe a $25k  per unit budget is something I could really stretch.

Buyers are getting squeezed by rising mortgage rates and by prices climbing about twice as fast as incomes, and there’s only so far they can stretch.""

If you want to tap your equity, a cashout refi that stretches your loan term back to 30 years might improve your monthly cash flow and retrieve the equity.

Determining the "value" of the intangibles may convince me this is a valid investment but I also don't want to stretch the value to a point where the purchase is a mistake.I am convinced at this point that structuring the Seller Financing could make this an attractive deal but I'm not clear on how.

@Justin Sandall Borrowing $60k to make an (uncertain) $100/m seems a bit ho hum to me, especially because your finances are already stretched. 

(But the neighbors sure did appreciate it)As investors I think we can both contribute to and benefit from a trend, but to move markets by rehabbing some run down houses is a bit of a stretch.  

I’m going to keep researching deals for duplexes.TBH $270k for the house was stretching my budget thin and had a lot of risk if I couldn’t find tenets for a few months.

Now it may be a stretch to be asking for more than market value but that's when your analysis, pitch, and negotiation can take precedence.