Anyway, to your 2nd to last para, yes you can do it. 

Hi Para, I would say run it through the rental property calculator under "Tools" (and you will see a few more categories to think about, like capital expenses), but right off the top of my head look at these numbers (as the calculator is only as good as the input)...

I have worked in that community for about 5 years through a theater program Casa 0101.

3700 Casa Verde Street San Jose, CA 95134 http://www.verdant-apts.com/Is this just a mark-em-up, mark-em-down ploy on the rent prices?

@Nathan BrooksI have 2 paragraphs in my P&S agreement under "Purchase Price"(this is not the complete verbiage, just a summary of what is in my agreement) Para 1: sum to be paid at closing: $xxxx, classified as back payments/legal fees..etc or "balance due at closing $xxx (excluding seller closing costs, prorations..etc). 

Sometimes a para legal will assist as boots on the ground cheaper than a lawyer.

@Irene Q Paras You can get an HML as an individual or as a business entity.

Para #2 of your post: Can you help me understand your statement of a lower rate enhancing your current business model because wouldn't a increased yield in today's time drive more investment $$$ to your fund. 

So Cal in 70's, st george utah in early 90's , Casa grande, AZ in early 2000's, and So TX in 2006.

So you get $75,000 + any amount you can get down.An owner occupant will sometimes put in a lot of work on the property and in this case only paying $300 more than they were paying to rent one unit now they own four.Maybe none of the current occupants are up to par as owners/RE investors but I saw a 84 YO lady sell four units on the 2 lots next to her house because it was just now getting to be too much for her after 40 years In a bad part of Phx