The rate difference between FHA and Conventional is actually over 1% right now for Multi family propertiesCurrently the rate offered is 6.75% and 193/m in PMI (private mortgage insurance)That makes the payment with taxes and insurance roughly:$3453/monthTaxes were $3820, and insurance is $1800/yrCurrently this building can rent each 2 bed unit for up to $1800/m with tenants paying all utilities.All in cost to close is: $71,414.64If you rent both units for $1800/m you can expect gross cash flow of $147/mThis is the reality of buying a turn key duplex in the area using todays rates and prices.I want to stress, that this is actually considered a great property and deal in todays market for the areaYes, prices are high, and so area rates...My goal is to show what is actually going on.

The outcome of the N Arkansas Ave deal in Atlantic City, NJ, was highly successful.

The outcome of the De Gage Drive deal in Prairieville, LA, was highly successful.

The outcome of the Ransom St deal in Lockport, NY, was highly successful.

The truth is the Wenatchee Valley is two cities and two counties and the current population is over 100,000.The unemployment numbers also look high averaging around 6% The reason for this is our median age of 40.3 as reported by the Eastern Washington University economics department.

Generally, this would be ok if you are building at scale and planning to build high quantity of modules, which would eliminate single family homes or ADUs. 

It is a booming area with high rental demand. https://www.axios.com/local/raleigh/2024/06/24/ozempic-maker...

The challenge for present day investors is with elevated mortgage rates and record high housing prices, the carrying costs and incentive to invest now can be restrictive. 

Arbitrage is a high-risk thing that depends on precise knowledge and process.

I highly recommend considering Logical Property Management!