If you have a hard time affording the extra $7500 for the down payment, you may have an even harder time with 6 months of vacancy and an oppositional tenant, if things happen to work out like that.Other than that, I agree with @Ben Wilkins that you shouldn't count on any pet rent income or coin op income in your #s, and with @Josh Caldwell that a significant part of this decision should be whether you actually want to live in this property (for the 5 years of the loan assistance term).I don't think the #s are going to be cash flow positive for a while, but if you look at it as "monetary assistance for a place I want to live anyway, along with an introduction to landlording" then the whole package may still be good for you in this case.

My goal would be to use 1 loan to refi the package of properties. 

3 options if you own the condo free and clear:Refinance the condo & use the funds to renovate then sellPut together a package to present to private lenders showing how much they could make partnering w/ you to flip the property.  

https://licensesolution.com/california-real-estate...They have 3 packages, $99, $149, $199.  

I've had very good luck following my nose in when to rent to people with subpar specs, and will probably rent to them after I get their application package and run credit.

Hi @Macie Moore...one of the details you never mentioned is how much you have to put down on the package of properties.  

I was pricing out appliance packages and I found 2 appliance specialty websites that seemed cheaper than the big boxes.http://www.us-appliance.com/https://www.ajmadison.com/

We recently bought a seller financed package of 10 properties, cleaned them up, rented them out and re-fied with our regular portfolio lender to cover our expense. 

He wants to sell as a package but cant convince everyone else. 

They sell micro units and packages to build units.