Hi, i am a new investor trying to get into duplex rentals and I came across these 2 listings in Hamiltonhttps://www.realtor.ca/real-es...https://www.realtor.ca/real-es...I ran the numbers and they look workable, am I missing somethingBelow uses 2nd listing for analysis:I put 20% down with 2% interest/30 yr, and 20k closing cost, total capital outlay = $150kfor income:3 bedroom at 2000, 2 bdrm at 1500, 5% vacancyoperating expense:Insurance 800Repair and maintenance 4000property tax 4000collectively, this gives starting Cash ROI of 5%is the area bad?

Sounds like you have the cash so it could be a workable solution.Since it sounds like you're going to keep these properties, the commercial loan would be better solution because it's just one closing. 

I formed the LLC, had the operating agreement and letter of intent reviewed by a lawyer, and opened a bank account in the company name.Here’s a few things to consider:Who: speak with people who have an interest in investing and can help the project move forwardWhat: select the type of property you want to considerWhere: for your first project, select a property in the cityHow: select how you will fund it and your exit strategy, whether buy and hold, fix and flip, AirBnB arbitrage, etc.When: build a workable timeline for your teamIf you go to my profile, I have a video that outlines my proposal for the group of investors.

It starts with the area, is their growth opportunity, and is the building workable?

flight crews work because of familiarity to the industry and they are basically very stable folks... you try this with lower demographic and I could see this being a nightmare to not workable. 

We started looking for a property we weren't able to find a multi-family that was work able for our primary residence.

It makes the process a little bit longer, but it's definitely workable. 

For the right property and ‘right’ deal the  terms could and should be workable. 

Sure, you may be able to find a workable MFR in Bridgeport or Stratford, but that is a REALLY long commute.

I can still close loans at up to 85% LTC, so the purchase LTV is typically workable and the full budget is provided.