if I go by your numbers 54k purchase price amd 24k for rehab  that's 78k you're going to rent 2 units for 750 so that's $1500 a month.you should calculate the expenses taxes ,insurance,maintenance etc and see if the cash flow will make sense.. you can use the 2% rule which in this case looks like you're right on the money. . so if 54k and 24k are right numbers and this is not a complete war zone were you would get your $1500 every month with no problems than this should be a good deal..check again for the rehab costs with a local contractos ask to have written estimates. also see if you need to pull permits.. these takes time and money. .good luck!!

I went to a really good one but I think that is the exception not the rule. 

@Jeremy Geyer Many Investors that flip homes use the 70% Rule that says 0.7 x ARV - Repairs = Your Maximum Allowable Offer (MAO).

So we have a borrower who fell into hardship on a loan which is 50% LTV.  

I expect to bring in 50% or more after monthly expenses.

Hello – I was just reading the article on Facebook about why beginning your investing process with a duplex works out great, what I'm trying to find out is if I can use those same rules when buying a Single family house.

Would the loan be less likely to be approved with a 50% debt to income ratio?

So, if you spent say $200 on a list for example, then you mail to 2,000 possible cash buyers at $.50 per post card, then you've spent $1,200 right away, plus you need to spend another $4,000 if you mail to each of them 4 more times.

In five years of owning the a/c property, I have had it tuned up twice at the beginning of the season for a cost of $50-60 and nothing else.  

You have accounted for a reasonable fee for management in case you need/want an outside manager later, you are at about 40% of rents for expenses which is realistic I like to see between 40-50%.