Possibly higher if you find something that allows for 2 separate living spaces. 

Now if the city charged someone for negligence or another legal misdealing, I imagine that would be public record.If it were me as the cop, I'd be certain I was getting my resources from a public arena and not "using my position" to get deals... keeping the side hustle completely separate from the "day job".  

They sell units that can be mounted outside and do not need to be separately vented.  

Full inspection will be conducted by 2 separate third party inspectors.

Funds come in direct deposit in to bank account A (1099) 

X Percent stays in account A
Y Percent goes to account B
Z Percent goes to account C

B and C have the option of being Checking or Savings.
MUST Be per...

great info, I am thinking of buying a single family and renting out the rooms separately while I live there, even if it means I have to live in an unfinished basement to make it work. the only reason I am looking at single family is because I cant find multi family in my city for a reasonable price. thanks for your input.Conor McLeod 

Option C, figure out if a roommate situation can work where you'll rent the rooms separately to two individuals to squeeze out some profit or even break even. 

The rental market is $1700/month.What are the formulas for this area that will maximize our cash flow and cover our exposure points (eviction vs foreclosure, repairs etc).We have a rock solid lease but the option (which will be a separate contract) is another story, we would need a good template.Can any locals help with these questions?

., ...Death, disability, divorce or separation, job relocation, financial problems ----> "pre or post" bankruptcy, legal problems ----> civil suits, criminal actions, ...and more!)

That is something you can always have done separately during you inspection.