So in all cases but one the spread is greater than 3%, and in that case (using higher-interest bridge debt) we plan to refinance into lower cost debt by year 3 which will then create a spread in excess of 3%.Unfortunately buying commercial income property (includes multifamily) requires very sophisticated financial analysis and there are no shortcuts or rules of thumb that will give you the complete picture. 

I say that because you already have 15K to put down, if you flip your current and sell if for the suggested price you given, you stand to make a 50-100K in profit (excluding taxes, fees and commissions of course).

If you listen to the podcasts, or even look up other peoples Financial Independence stories, House Hacking comes up a-lot.

I understand people have different goals, but in this scenario let's pretend you've already reached financial freedom at 10k cash flow but you want to continuously grow your business and make as much cash flow as you can. 

The government issues financial beatings to landlords they find violating fair housing laws. https://www.hud.gov/sites/documents/SERVANIMALS_NT...

So a house could have been standing vacant for MANY years before it ever goes to the sale and just might be so bad that it's not economically feasible to fix it. 

My goal with rentals long term is to build enough of a portfolio up to be able to replace my income from my job and just have the financial freedom to be able to travel/be worry free.

You stand a better chance of getting off.

I would like to do this until I have financial freedom and a few thousand dollars a month in net profit from the rentals.

He is generating $150 extra after mortgage, bills, and saved costs for repairs.As we move into the direction of life and family future, we are looking at ways to create more financial freedom.