You are going to get infinite returns with the cashflow, your debt will turn into equity as the tenants pay off the notes, you get to depreciate the assets to save money on taxes, you have the potential opportunity to boost your NOI by 20%, plus you keep your powder dry for other deals.  

If you have good credit and some skin in the game you Otta beat that rate all day long.

DRI Title and Escrow.

Hi BP,I've done a couple of house-hacks off of MLS deals in the past, but like in most of the country, good deals on the Orlando MLS are drying up and I'm looking for my first off-market deal, non-owner occupied deal.In your opinions, where would be the best place to focus on first?

"biggest scam on the planet... bottle of Clorox and a rag"I like using the Tilex Mold and Mildew Remover; and yes, this is just bleach but I wave the bottle in the tenants face and to them, it looks more "professional" than if I mix a combination of bleach and water in a spray bottle.When the Tilex bottle is empty I refill it with bleach and repeat the exercise with the next tenant (if needed).I also tell them to avoid the area until the spray is dried due to the "powerful" odor this product produces.Gail

I am a real estate broker here in Fresno, CA and I was in your shoes looking for full funding from a lender, it's not going to happen, they want you to have some skin in the game meaning you would need to put down anywhere from 20%-35% and they will fund rest.

Recommend creating passage ways between the concrete piers and concrete runners through out the area. 2) Observed dry rot at the crawl space entrance, under the bathroom and kitchen areas.

Also, if well is old, it could possibly go dry and you'd have to replace it.

I guesstimate approximately $35K to $45K to completely redo the roof, replace and repair the dry rotted base house frame sitting on the foundation (sills, floor joists and subfloor), outside brick repair, new drive ways and electrical and plumbing updates.The average selling price for well-maintained and updated duplexes similar in design in the area are $85K to $105K.

You might also be required to bring a portion of your own money to closing, HMLs like to see some skin in the game.  70% is a little high imo for somebody without a lot of experience.