Those two combined would be a formidable social networking site, entity, phenomenon...whatever you want to call it.

So, that combined with up to 6% in seller concesions toward closing costs would possibly get you in with no outta pocket.Additionally if one of you are not going to occupy the property then that is ok with FHA.

It may be a flat fee, percentage, or combination.

I would calculate the 5+ combined as a commercial deal then figure out her broker split then find the number equal to what she would have seen on a comission check.

Some are a combination.

The giants of industry, you'll see there is a combination of luck and business savvy.

Now, to be an even better investor I would supplement his advice by using modern computer devices to analyze deals.

If you are doing a 30 year loan and you cash flow $200 a month for both combined that is probably not good. 

Combined rent covers the mortgage, aka FHA, but does not provide extra income to pay for maintenance and capex, which I can afford to pay if need be.Conclusion: I feel like passing on the deal but decided to check with more experienced people here. 

-asked for seller carry of $165k @ 2.5% IO, 30yr amort with 5yr balloonMy plan is to:-convert the 2/1’s to 3/1’s-raise rents to $1,350 for each 3bd ($5,200 total)-combine existing single car and 2 car garages and convert them to a 1bd/1ba in each property, turning each duplex to a triplex-rent the new 1/1’s for $650 each, bringing total rents to $6,500My assumptions:-3 bedrooms will rent for $1,350 in zip 92345-cost to convert bonus rooms to bedrooms = $2,500 each ($5k total)-cost to combine and convert garages to 1bd/1ba $30k each ($60k total)