Maybe I'm just doing bad math, these are how I've been evaluating the properties.For the live in flip homes I've been looking at the basic formula I use before I dive in deeper to the details is (ARV*0.7)-Rehab cost= Initial Offer Price.

The owner may be required to provide a structural engineers evaluation prior to warranty work.10.

You also calculated your numbers based on 1 unit rented, and 1 unit with a roommate, however when evaluating an investment property you should look at it as if both sides were fully rented out, i.e. total monthly rent = $1,950 ($975 x 2, assuming both sides can rent for the same). 

From there you'll need to learn how to evaluate managers/sponsors of those types of assets.

What does your evaluation process look like when searching for a rental property that is worth while?

After about 8 interviews and a lot of evaluation, I decided to join Keller Williams On The Water in Bradenton, FL.  

The company then sends out one of their preferred vendors for an evaluation to report to the home warranty company. 

Lonnie once said that his biggest regret was not buying a mobile home park instead of the mobile homes -- he would have made ten times more money with a fraction of the effort.If you want to know the correct way to identify, evaluate, negotiate, perform due diligence on, re-negotiate, financing, turn-around and operate mobile home parks, then the Boot Camp is the best event in the U.S., as well as the only one that teaches these things in a college-style pure factual information format in both a classroom as well as the field inside real mobile home parks.

If it was simply because of normal use and there were a lot of people using it, then you should re-evaluate the size of the septic versus the property. 

They said, will require to remove the contaminated soil having a subsurface evaluator look at it , taking six samples and sending them to the lab.