Here's where I face the dilemma: I'm meant to be planning on going to university.

I have been having great deals for investments especially for a "buy & hold" BUT my challenge is, since my credit can only sustain me for a property at a time, should I buy my personal residential home first as a family of two kids or start with an investment property for a rental while I may refinance it later to be able to have some equity enough for my personal home.Shouldn't my credit scores hamper me in getting a personal residential property since the mortgage is still on going of this first loan?

The ongoing renovations will be a turn off for some renters, but I'm guessing the $30k assessment only works out be about $30/SF?  

I ran similar numbers to @Kevin Siedlecki and his seems spot on.I think putting a little sweat equity and finding a way to fund those renovations will allow you to get top dollar for it.

I ran my numbers on the calculator and it has helped me stay calm throught this process because I'm making decision based off the numbers not feelings.

@Brandy Vee - I ran into this issue this winter, too.

Have been interested in Fundrise eREIT's - would love to hear some feedback in an ongoing basis.

Using a spreadsheet I found online for apartment buildings, I ran the numbers for the owner financed loan and then I used a hypothetical percentage on a 30 year mortgage.

I ran my numbers including an estimate on my part about what the insurance costs would be.

There asking 99K I ran these numbers assuming 90Klas vegas, nvMonthly Income: $1,500.00Monthly Expenses:$1,242.95Monthly Cash Flow:$257.05NOI$8,600.00Total Cash Needed$6,150.00Cash on Cash ROI50.16%Purchase Cap Rate9.56%Property InformationPurchase Price:$90,000.00Purchase Closing Costs:$2,000.00Estimated Repair Costs:$1,000.00Total Cost of Project:$93,000.00After Repair Value$90,000.00Property DescriptionDuplex, unit #1 3bed-1bath unit #2 2bed-1bath.