I do believe that it is a legal 5-unit building, just not setup to be efficient. 

Hi @Cassidy Farnsworth,David hit it on the head right there.

We buy at a discount, renovate efficiently, and sell at market value.

If you expect to eat, expect to hit the ground running, be a self starter, and ****ing close!

Have some hard numbers to hit, and only take the absolute best thing you can find. 

Books are above, for Podcasts:Bigger Pockets (both shows)Rental Income PodcastCash Flow ConnectionsReal Estate Investing for Cash FlowCash Flow GuysThe Bigger Pockets ones are the ones you should hit first though. 

You hit on all points and I appreciate you for going into detail. 

Keerah,  real estate sales and real estate investments are two different animals however obtaining a real estate license would be useful in the sense that you will be more familiar with "some" of the terminology used, you can make connections with other realtors, get an understanding of the closing process and you will have the "inside scoop" on properties that have not hit the market yet. 

To be conservative, if you take this gross rent number and reduce it by 25%, as long as whatever is left over covers your PITI(A and PMI if applicable) payments, then the hit to your DTI would be zero. 

The heat pump technology is more efficient than electric baseboard and the AC is a nice addition.