Hello Sean, It can be very difficult to monitor lawn care and snow removal at a duplex when the tenants are responsible for it, typically landlords provide it + water and the rental rate can reflect that.

Typical solution Quit Claim “ from Mary to Mary and John”.

Renters of all shapes and sizes will adjust to be in the SFH property, versus apartments/condos typically appealing primarily to the undergrad renter and that’s it.

When you are running a business as a landlord things are typically black & white.

Is this typical for subject to (cash payment) vs just assuming the mortgage payments?

So no matter how little work they put into this the numbers still don't add up for any typical investor.KH

We typically only do FHA if it is a multi-family for their first one.

@Eric Calabrese typically with an investment property, a conventional lender is going to want 25% down.

It is also a way to avoid any payment of commission that he would typically pay to the Agent at closing. 

@Ian Whiteman  80%-90% of purchase price plus 90%-100% of rehab as long as those two don't exceed 70% ARV is typical.