,Alas, none of us here will be able to answer that question without a full credit package in front of us.

They are also financing a package purchase of 20 duplexes for me at 4.5% due to a good track record with the individual SFR and duplexes.  

When you actually get into things like adding individual utility meters to a complex, how you structured an owner financed deal and more importantly...walking the listener through the process and negotiation elements...THAT is where the real value is in these podcasts in my opinion. 

Taken all together this would be a total compensation package of $1,184,000 for both properties.

My suggestion is to put a package together with all the details, showing it to be a great deal, and take that to multiple lenders.  

Moreover, because of the age, fixing these things usually means replacing because parts are no longer available (range elements, side mount faucets, etc).Also, where are you getting a non-occupant loan with 5% down?  

Thoes old elements are a tough one. 

be careful, its not all what it seems to be, I signed up for 28 000 package and was three days late to cancel and they refuse to refund the money, I had to go true my credit card and get a refund. it was very stressful, as at first I was going to come back and do it at the later date, but now I will never do this again, major rip off.  

Lastly, even if there was a fool proof method to estimating all your expenses, there is no way to predict the human element.  

I've always been hands on (currently own or co-own 12 units) so will be relying on a property manager (feel very comfortable, currently manages property and is VERY reasonable - referred by my broker whom I trust)3) Concerns - it is rural; sewage is septic; plumbing is crawl space and exposed a bit to the elements.