If you have not doen so already - I would suggest that the first thing you do at this point is to get pre-qualified.

The OP gave the sound bite version of this as is typical of the news today.

Here is how I see your deal: % Down Payment 25.00% Down Payment $ 56,250 Remainder of closing costs $5,500.00 Total Due at Signing $ 61,750   Mortgage Rate 4.00% Length of Mortgage in years 30 Monthly Mortgage payment $805.64 Taxes $ 180.25 Sewer and Water $ 50.00 Trash $ - Heat/Utilities $ - HOA $ - Cap Ex and Ops $ 275.00 Insurance $ 125.00 Mgmt Fee $ 185.00 Vacancy $ 148.00 Total Expenses $1,768.89 Unit 1 $ 1,000.00 Unit 2 $ 850.00 Total Revenue $ 1,850.00   Cashflow/month $ 81.11 Cashflow/year $ 973.34 Cash on Cash Return 1.58%

The OP stated that the house AFTER REPAIR VALUE is $380,000.  

Uh yeah what he (OP) said for me too. :-)

Is a lien in a property due an unpaid ground lease  ( Co-Op)that never showed up as a public record enforceable after 9 month title was tranfer.Please any one has a clue....

Taxes Sewer and Water Trash Heat/Utilities HOA Cap Ex and Ops Insurance Mgmt Fee Vacancy

OP may succeed in RE but I think it is unlikely.  

Listing agents in commercial aren't looking for broker co-op ...

We want to do a few flips to scale up our Ops.