Drawbacks are lower gross income and lower equity creation on the property.Building the 11 units would potentially net $6k per month, but its a huge investment upfront, with no recouping of the investment until we sell the property.

My wife and my professional careers offer *positive thoughts!

I can help with cold calling.Cost per lead is usually going to be in the $20-$50 dollar range (assuming a VA cold caller with native English) and a cost of about $0.20 per record for them to call potential motivated sellers (high equity, certain age, etc).CAC is going to depend on your conversion skills, but within 3-6 months can be $1500 to $5K depending on how many leads it takes you to close them.

Location: Chesapeake, VA (large military town) Market Value: $360,000Loan Balance: $245,000Equity/Second position note: $115,000 (30 30-year amortization / 10-year Balloon Payment, 6.5% Interest, $727 monthly payment) - Bringing cash for this would save a ton of money for the buyer.Rate: 2.25%Years Left: 26Current Monthly payment: $1,300 (including taxes/insurance)Current Rent: $2,000Scenario 1: -If you were to purchase with a new VA loan at 7% interest at market value your monthly PITI would be approx.: $2,757-If you were to assume the loan and I carried the second note at the above terms your monthly PITI would be: $2,027Saving: $8,760 per year.Scenario 2:-If you were to bring the same $115,000 as a down payment on a conventional loan you would pay: $1,992-If you were to assume the loan and bring cash for equity position your monthly PITI would be: $1,300Saving: $8,304 (with no need to refi in the future)Since this is a hypothetical situation I'm going to give my number based on nat. average homeownership of 13.2 years.

These tax credit servicer/admins are more specialized and they are working with specific projects so investors will have little interaction with them.I was a Commissioner of our large PHA here in Springfield, so that's the reason for my background on the topic, being an administrator/commissioner is an appointed position by the local government entity that "sponsors" the PHA, in my case appointed by the Mayor of Springfield.

I was fortunate enough to receive a gift of equity on this property to cover the down payment and my mortgage is around 168k.

I have a SFH in my portfolio that has a good deal of equity and only a HELOC (TD BANK) on it for 10.24%.  

After calculating everything, I found that in the first year cash flow would be cash flow positive by ~$250-$300 based on the expenses provided.- 20% down, 7.5% rateI question if there are things I'm overlooking with this being potentially my first investment property.

Positive...there are dozens if not hundreds of forum threads right here on BP where this has been discussed many times over 15+ years.

I'm obviously in the minority, because they have many positive reviews.