Hey @Steven Barr- I'm current in the process of an almost identical transaction. 75k loan amount on a multiunit investment and my costs are right around what you got.

I identified this property on day 59 (You only have 60 days to identity your replacement property) which was listed by a realtor friend of mine...Very lucky!

Aloha,It would likely be far less costly to split off the common electric to a third sub panel, with a second submeter, vs. the additional plumbing AND wiring costs to relocate the laundry equipment.

Tenant(s) Government Issued ID: typically, this will be a driver’s license to prove the identity of the tenant(s).

I have gotten a quote from them and just need to check the lines in my duplex to make sure I have requested the right equipment before I order and implement.

From what I understand, something like oil drilling, oil equipment lease, car wash, convenience store, or laundromat should qualify.  

An example of expenses that can be tagged to the business and not so much to a single property are legal fees, compliance costs, office expenses, auto expenses, tools and equipment expenses including replacements.Initially as a small individual investor, your reserves will be higher per door simply because you can't spread the costs over a larger operation.

I think that this fails the 1% rule, but I am not 100% confident because I'll be house hacking it and the units aren't the identical.

Don't even think about providing a mower or snowblower (or ANY power equipment) for their use!

We are more optimistic and better equipped to face future projects.