Hello everyone,I am finally under contract for my first Duplex.

Since you're buying near a lake in my mind it may be semi-remote, do you know if City/Private sanitary sewer lines are on the street?

Maybe not the exact advice you're looking for, but I figured I'd offer my semi-relevant knowledge. 

Then at completion and final inspection, it’s rolled into another loan on normal payments.

However, when that finally happens, I still will not have had stable employment for 2 years.

And finally, how exactly do we assess the vacancy rate of a location?

With the execution of a new 1-year lease and placement of a security deposit by the new tenant PLUS a pristine final walk-through of the property, you will allow her out of the lease. 

The assumptions I made are below:Closing costs are calculated to be 7% of final ARV purchase priceRehab costs are $100/sq ft and $75/sq ftLoan interest is the loan + 10% back to the private money investor (assuming I go that route)Total cost is the MPP + Closing Costs + Rehab CostsTotal Profit is ARV – Total CostOwner receives the MPP (what I would have paid for the house) + Closing Costs (I would have had to pay for these anyway, I could sweeten the deal for myself and offer to split them with the current owner) + Half the profitPrivate Money lender receives their initial loan plus 10% interestI receive the split profit – interest on the rehab loanMy goal was to get the owner as close to their $200k wish in order to convince them to do this less than traditional (and maybe not even possible) way.

As an example, we had a fridge go bad at one property and the warranty company sent a tech out 15 times before finally replacing it.

(The final contract is being sent over next week).