I doubt you'll have any problem attracting capital under something akin to your proposed structure (with or without the proposed tweaks).

I use the interactive map at the bottom of a zillow house and can at least see graphically what has sold recently and for how much and what is for rent and how much.So I can see if the area feels like a 50K area or a 70K area. 

Clearly by normal standards this wouldn't be a good deal, but the fact that my living expenses are covered for, this makes this an attractive offer.  

The figure might be "made up" in that case.All in all, the bottom line shows an annual ROI (return on investment) of approxmiately 10%:Annual Profit: $4200 ($350 x 12)Cost to close: $42,800ROI - $4200 / $42,8000 = 9.8%That's not all that attractive for what I would consider fairly risky - multi-tenant is higher risk than single fam, in my opinion.

If you are going to buy and hold, how attractive is the neighborhood to attract renters, what are the rents, how is the neighborhood kept up, are you getting a good return on your investment and what is the condition of the homes on the street?

Brian, With your background, it might be a more productive conversation here to back into what might be attractive to you rather than trying to fish.

Many successful real estate agents know how to properly showcase a house to make it more marketable and develop creative MLS listings to attract the right buyers.9.

It will make the property much more attractive to the tenant if there is gas heating.

I think your website is attractive, and I like the simplicity of the layout a lot!

But, the gap in cost and ARV seems attractive.