We'll reroof at the same time and maybe bump out the back of the house to add square footage. 

It also doesn't include the bump in rents we'll get for 4,5,6 years while those park houses are being owner financed to tenants.My biggest question mark is the little town it's in.

@Jaysen Medhurst yes, i bumped in to a local developer investor who just bought a multi fam was able to do an estimate of his returns with just plugging in number from the lot size etc.

I will re analyze the property and bump up the numbers that you suggested and see what the out come looks like.

I’d recommend using your spouses for the second purchase so that, if not exempt, your VA funding fees will only be 2.15% for first-time use each time instead of bumping up to 3.3% for subsequent uses. 

Hey @Noel, I have bumped into all those names.

I am new it is kinda a blessing in disguise in compelling me to learn that my tenant and I have bumped heads on a few things. 

@Dylan Vargas & @Allen MarisYes, you are right the agent fee was low, I bumped from 2 to 3% but that was bc I knew the agent and I was hoping to negotiate that %.

Goals: -stable cash flow, not as concerned about appreciation (check, assuming description is correct in saying they've had stable tenants. rental price should increase in the next couple years so i have some assurance there)-looking for min $100/unit (check)-C+ neighborhood (check, borders some B/A neighborhoods in upper Ohio City so hoping some absorption goes that way)Other things: -20% CoC return (almost check - Changing purchase price to $53,000 and have tenants also pay water/sewage would bump this deal right up to my criteria of 20% CoC.) 

With that said, lending to a new investor can be risky, therefore expect to pay higher rates and points on your fist deal.