Historically, residential US mortgage rates are near their long term averages.

It really depends on the living situation too.

The rate difference between FHA and Conventional is actually over 1% right now for Multi family propertiesCurrently the rate offered is 6.75% and 193/m in PMI (private mortgage insurance)That makes the payment with taxes and insurance roughly:$3453/monthTaxes were $3820, and insurance is $1800/yrCurrently this building can rent each 2 bed unit for up to $1800/m with tenants paying all utilities.All in cost to close is: $71,414.64If you rent both units for $1800/m you can expect gross cash flow of $147/mThis is the reality of buying a turn key duplex in the area using todays rates and prices.I want to stress, that this is actually considered a great property and deal in todays market for the areaYes, prices are high, and so area rates...My goal is to show what is actually going on.

Quality work and fair rates.

There are a few Categories that I have broken into their own calculations considering there may be cost savings depending on strategy employed.

I understand it depends on the township, and when I look up certain ordinances it seems they only address residential buildings ( 1-4 units) needing a permit, primary residence, etc.Wanted to see if anyone out here has had experience.

For example, interest rate buy-down, home warranty, etc? 

Now mind you, depending on what type of consulting you are in, your exposure to liability from that business activity may be very limited, thus, a sole proprietor may be fine.3rd issue, where would the rents to your property be deposited to?

What are the average cap rates for Reno single family rentals?

Their labor rates are about $500 an hour.