@Bryan PhamAlso, if you are self-employed you may want to explore the solo 401k, or even the LLC IRA if you want to cut down on IRA custodian fees. 

Do not cut any corners on estimates to make something look better on paper but is not real..Track all income and expenses by project and in report form and review them regularly with a few other people you trust and understand your goals and plans.   

i dont see capX. vacancy, the annual repair number seems quite low thats only $71/year per unit, as does grass and snow you have only $55.50/mo. i doubt that covers one snowfall or grass cutting per month , you will also have garbage service you need to pay for, and if the city requires you to pay for Fire inspections, or licensing being commercial they can, as well as sprinkler system and fire extinguisher contracts, common area cleaning and maintenance,  and Management. im probably missing something here yet. so rents average $500/mo fully occupied?  

I'd stick with that one.Find out what your are blowing your cash on and cut it. 

I cut the cord about a year ago and it has made no difference to my guests.  

To cut to the chase ask the sellers outright if the 3rd is legal - if they skirt around the issue or say they don't know then assume its not.

Do not cut any corners to make estimates to make them look better on paper but not will physically.  

A lot of stuff that resembles MLM according to their refugees, though I'm not in the loop on what you have to do to actually get a cut of the action - I haven't meet anyone that did actually get a cut. 

Size:  Above Ground 1,660 sq ft/ Unfinished Basement 350 sq ftI'm looking to update below items:Exterior: New roof and window (as needed)Yard: Cut big 2-3 trees in the backyard, clean front yardInteriorBasement needs mold remediationNew kitchen (cabinet, appliances, & etc)New Bathroom (2.5)Move/remove walls Add ceiling wallAdd insulationelectrical work (if needed)plumbing (as needed)new paintNew floorIt pretty mush needs a complete renovation.

Size: Above Ground 1,660 sq ft/ Unfinished Basement 350 sq ftI'm looking to update below items: Exterior: New roof and window (as needed)Yard: Cut big 2-3 trees in the backyard, clean front yardInterior Basement needs mold remediationNew kitchen (cabinet, appliances, & etc)New Bathroom (2.5)Move/remove walls Add ceiling wallAdd insulationelectrical work (if needed)plumbing (as needed)new paintNew floorIt pretty mush needs a complete renovation.