The lender can tell you what loan amount and type you'd qualify for... the agent/broker can show you which properties fall within reach of what you qualify for.Chances are, you'd be able to lower your monthly living expenses by house-hacking a multi-family property.Best of luck to you!

We will totally rehab the interior of the lower level too and then stucco everything to make it look attractive. 

The lower the Cap rate the stronger the investment grade aka Walgreens/ Target A class ( upper 5's at the moment ) tenants etc...

"Let's put in a lower offer and see what he says.

I flip lower priced homes, as well as buy and hold so I'm curious if there are any strong rental neighborhoods you can recommend with homes with ARV's in the ballpark of 60-80K? 

Have your tried getting 20 year fix that may lower the interest rate?

More Renters than Homehomwers for me = Bad.That means generally lower class of neighborhood, more competition for tenants. 

Plus the other implication of equity stripping is lower cash flow.

Still not a good deal (Cash Flow: -$16/mo, Cash-on-cash return: 0%)What if I lower my down payment? 

It is definetely making my numbers lower (sometimes negative in the first year) than I expected, as I'm mostly looking in Oaklamd County, which has the highest taxes in the state.