I don't see any other feasible way in the neighborhood I am in - and I'm trying to start close to home.

However, I do need a solid plan that proves feasibility in order to fund the deal so some cash outlay is possible.Thanks in advance for any and all feedback.

You also need to make sure each investment passes the 4 tests of the Highest and Best Use of the property.The 4 tests of the Highest and Best Use are; Financially Feasible – the property must generate adequate revenue to justify the cost plus provide a profit for the investor.

You can find deals where using those %s are feasible.

Could this effectively render my deal not feasible?

Would home ownership be feasible on that block where John bought if "the building" was still an out of control rooming house?

You need to do a feasibility analysis to determine if there is sufficient demand for the product and number of units you plan to bring to market. 

I'd love to flip 4-8 properties a year but not quite sure if this is feasible in this market.

It may take awhile to find something feasible as well.

not sure how feasible it will be to raise the funds you are trying to raise and still pay your investors, all the costs that come with rentals, and then still have decent amount left over for yourself.I can tell you if your goal is to have 20 rentals and in the end only make the kind of money you are trying to make there are easier ways in life to do that with.you either need to find cheaper capital or incorporate other techniques like wholesaling to raise some of your own money.having said all this I will tell you are going about finding 20 deals in a pretty difficult ways.