Still waiting on some confirmations before we announce anything. 

At that time I did not shop so I could not confirm it. 

) $0.00 $0 General Vacancy Loss 10.0% $9,240 Expenses Monthly Annual Fixed Electricity $0.00 $0 Water $66.67 $800 Sewer $0.00 $0 Garbage $15.50 $186 HOA $0.00 $0 Insurance $415.00 $4,980 Taxes $448.83 $5,386 Other $20.78 $249 Variable Repairs and Maintenance 3.0% $2,772 Property Management Fees 20.0% $18,480 Other Capital Expenditures (Reserves % Gross Income) 3.0% $2,772 Market Assumptions Market Rent Growth (per annum) 2.0% Expense Inflation 2.0%

I would save up until you had enough cash (and reserve fund) to purchase a duplex via conventional (20%-25% down). 

Repairs / Reserves are typically 10% of the purchase price and Vacancies are at 12%.The DSCR formual is  NOI+discounts / Annual Mortage and must be at least 1.1, but many now require 1.3 or 1/4. 

Here's how that works: The rate that moved higher today is the Federal Reserve's Target Rate.

, avoid heavy leverage (this removes an exit strategy if the market goes down) OR do not plan to sell (long enough to wait out a dip), ensure your rent rates are good enough that if they dip you can still cover your payments / expenses, get great managers or manage well to ensure solid tenants, and have enough money in reserve to operate in a bad scenario.There are a million ways to do everything in real estate.

I know anything to do with subdividing can be difficult, I would look into the process and costs of that to make sure you have the reserve funds.

I won't be pocketing any profit as it all will be either donated to our and other non profits, used to run the company or stashed away to build capital reserves.

Can anyone confirm this is ok?