It sounds like you're pretty risk averse, but for someone wanting to get their feet wet with their first deal, would you say these numbers are workable?

I'm going to try to get my property manager friend to sign on here so she can provide best detail.As I've heard during recent years, her primary issue is when the landlord enters the picture with contractors, tenants too, but not so much.And it seems to me as if one primary client (landlord) has interacted with contractors for some time, and is accustomed to that type of management.As to the CLAUSE I mentioned, I had hoped that because this is not a rare problem, someone would have come up with a clause that's workable for both landlords and property managers. 

Commercial loans on properties where there isn't a personal guarantee will not count in the 10 financed properties rules and will be somewhat easier for a loan officer and underwriter to deal with, but in the end, from a lending standpoint it really doesn't matter, it's all workable for the loan officer and underwriter that has the proper experience working with borrowers that have multiple rentals. 

The agents might be willing to reduce their commission to make the number more workable for seller as well.

Maybe just some clarification as to if this is workable...Thanks! 

Well it looks like unless you want to spring for 2 more furnaces and some ducting changes this solution is moving in the correct direction.It's seems workable, but when you close off an old house into apartment units you have to consider the return air ducting to prevent hot spots and cold spots. 

Thanks for the insight regarding the proportional down payment and offering workable suggestions to sellers!

Is my strategy workable?

My duplex house hack didn’t produce positive cashflow this past year, but it did reduce my cost of living by thousands of dollars while adding about $200K to my balance sheet.As for Airbnbing in LA, the rules are strict, but workable.

Another question I have in mind is finding deals on redfin,zillow etc. that are listed by listing agents workable?