This includes the rates/levies and any maintenance over the long term).E.g. 2Property price: R1,500,000 (1-2 bed in a more upmarket area )Down payment: 10% (R150,000)Mortgage repayments: +-R12,300Lease/Rent expectations: +-R10,500Monthly expenses: +- R5000I'd be net negative cash-flow in both cases.Perhaps my monthly expenses estimate is inaccurate?

"Statistically, 61.3% of statistics are wrong"!  

Most of all the investors up here started with little to no money and still made it work instead of spreading negativity.

The property doesn't come close to cashflowing, but the negative cash flow is still less than I pay in rent and it would cut my commute in half and give me some tax benefits.Your thoughts?

You can  then narrow down the statistical probability of them doing business with you.You can blanket an area....but you are just throwing mud against the wall...to see what sticks.

Long term this will always be a negative cash flow property.I would sell but not sure $330K properties will cash flow either.  

They don't check your income - They'll finance in the name of an LLC, not your personal name - Up to 75% Loan to Current Value - Only negative, they do add $5000 in loan fees to the loan.

However, typically when I run the numbers on duplexes I am interested in, I am cash flowing negatively by around $300-500.

Any surprises will wipe out some / all your equity as you may be forced into a fire sale or keeping a Negative cash flow property.

The problem is...statistically, the chances of you keeping this loan longer than 3-5 years are very low...the only one that makes money here if you put down 15% instead of 20% is the lender...you save nothing and the $8000 will be consumed into another expenditure that will bring you less than it will if you put it into this transaction.