It's a duplex with option to make four plex pretty easily. 

I understand what it is and how to calculate it, but it just seems like the number could very easily be distorted depending on what percentages you're taking out for vacancy, repairs and maintenance, etc.

Now I have evolved into the house flipping side of things for the bigger returns.

It depends on how it was run, there could be 3/4" - 1"  hot and cold water lines run up and everything just branches off of that to each unit, then you would not be able to easily separate and meter them. you are going to have to look in the basement and see if there are separate main lines to each unit.

(Not by using Google maps because they can easily be outdated pictures) There should be some.

Who do you know who would like better than-than-market returns on their investments and/or better-than-bank returns on their savings?

Works great and will import right into tax return when you file taxes.  

You (somehow) manage to convince "Bob" to return $30k (I assume this was more or less all of what he was paid?)

I'm wondering--what is the minimum cash on cash return you look for.

The broker returned my phone call immediately and drove 45mins from the office he was located at for the day to come visit me at the location i dropped into instead of asking me to drive out to him, we spent over 2 hours talking in his office going over everything the company has to offer, he really took a lot of time to make sure i understand everything the company has to offer, the commission seems to be very in the agents favor with 2 programs to choose from.