Certainly there's terms on the loan we have to honor but he's in the same boat utilizing agency financing as a preferred buyer.

You can juice up any deal with a high down payment and it will produce cash.  

Your own money is buying a very low return leaving the property itself producing nothing.It is not a good investment and the best thing you could do is sell and reinvest your money in better properties that will actually produce true positive cash flow not the cash flow you are presently buying with this one.  

Some people utilize a seller's concession to assist with the payment of closing costs. 

Before I did that, as a young professional I rented room shares from other people so instead of signing a $1000+ lease for an apartment and having to furnish it and pay for utilities, I’d rent a furnished room in a house within 10 mins walking of my job for $500-600 utilities included.

When I'm analyzing a potential deal, I've been factoring leasing fee (1/12th rent per month) + PM Fee + 7.5% CapEx + 7.5% Repairs + Principle + Interest + Taxes/month + Insurance/mo + Vacancy (10%)... going with the thought that tenants in single family rentals will be responsible for mowing the lawn and all utilities.  

I have a good amount of experience with development locally and if you are buying mostly land then I could see how a title search(along with zoning, utilities, ect.) might be more important with tax deeds than an existing SFR. 

This includes utilities.

There are programs that utilize the operating statements and rent rolls instead of Schedule E's.

We will target C to B multifamily apartments, while utilizing the BRRRR strategy to build equity.