You may not like the space so it may be better to put your foot in the water first.

Apparently our DTI is too high for the HELOC so we can do a cash out refi but that is less desirable because it means we cannot then get the loan for the rental property despite having 25% down.

It was near midnight so I turn the water off so I can talk to him in the morning.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

That can make you look at it from the eyes of a residential buyer and not an investor. 3.6k income with PITI of 3.9k is already under water not accounting for vacancy, repairs, and cap ex.

Capital expenses (a new roof, HVAC, etc), maintenance (clogged drain, water leak, etc), and for vacancy. 

We've helped several high W-2 wage earners take advantage of the STR tax 'incentive,' here on the OR Coast.

The wholesaler and seller represented this duplex as having two separate water meters and two separate gas meters.

You can start by going to your county public works website and find the cost for tapping into sewer and water.

I highly recommend Zachary Copp at copplaw.com.I initially looked at Royal Legal, Anderson Advisors, and KKOS.