I wouldn't use a number that low for a 3/2 house much less a 10 unit building.How about 3k-6k per door as an estimate then adjust from there after more due diligence.

There are conflicting regulations as to the exemption of 2 or 3 deals by a seller and these may or may not apply to dealers in the business of real estate, so check again at the state level and to assume on the safe side, go with 2, not 3.

My properties are in PA as well SFH and 2FH, rents vary 425 - SFH - 450 lower level and 550 upper level of 2 family. the SFH has a washer and dryer that is free for the tenants ( put it in when my daughter went there ) and the 2 family has 2 stacked washer dryer units, coin operated, with a coin machine next to them. both properties i pay heat, water, sewer, trash and internet, tenants pay for electric / also includes hot water because hot water heaters are electric. ( 2 family has 2 heaters, make sure you separate them.

You would likely rehab to a higher finish level for a flip than a buy and hold, which would result in a higher ARV. 

Great insight as I'm licensed and deal with low priced homes with high cash flow.

I am sure there is something extra they have to do in the foundation to get it level first.I am sure some of the experts on BP have experience and/or knowledge about my question.Also if you have some contractor recommendations, that will be great.Thanks all.

Eg they borrow at 4% and receive say 7% giving them a profit of 3% for no money down but a little time for the loan app plus the risk associated with repaying the loan if it goes belly up - though with 20% of my cash down the risk is low for them.  

Presumably, your Airbnb rates would need to be a pro-rata daily rate based on the prior rent, which would probably be too low to be worthwhile for a periodic rental.  

Probably used him 3-4 times, and this was a referral. 1 closing we had, he didn't catch the tax rate was too low, and we had to pay the city out of pocket.

Those yearly expenses seem low.