We are in the process of building our own team so we don't have to rely and poor general contracting.

You can not rely on one person to do a whole home, it will never get done.

Do not rely on it for legal advice.

This is because MI was quite high due to the high price point (around $600/mo if i remember correctly), estimated rental income was very low because house was vacant  (no rental history to rely on), missing appliances and generally not in a rentable state.  

It's a postulate created by motivational speaker Jim Rohn.Make sure you're not losing the friends who can be relied on to call you out on your BS when you need it.

Single-family homes and even small multi family don’t rely at all on cap Rates, but on emotion.

If you need to rely on the rent from one or both buildings for your DTI, you will need to follow the banks direction on how they would fund them. 3) Private Financing, Hard Money, Owner Financing, Etc.

Or should we rely on any appreciation.

That line essential negates being a broker to begin with and then relies on the soundness of simply being a principle in the transaction, in which case, why even get a license to begin with, and simply rely on just being a principle in the transaction?

Do not rely on it for legal advice.