Unfortunately, nothing on the MLS that meet these criteria, so we are trying to source more off-market deals like the one we picked up.

That 50% number includes things like maintenance/repairs, advertising, property management, water/sewer, utilities, vacancy, and yes, taxes and insurance. 

The two renters should cover your mortgage + utilities. 

I also do other bills at the same time, such as landscaper, utilities on my duplex, etc.  

You can swap this for rate, or rate for this.c) The agents typically pick title/escrow.

Give us an idea of what you want to accomplish, what you know about real estate, contracts, financing, and why you picked Subject To and Lease Options.

Refinance to conventional, then find another property using FHA again, utilizing the 3.5% down instead of conventional 20%, and repeat.

How and why did you pick that zip code?

As you've probably seen, there are a lot of great resources here including the excellent BP podcasts.I'd recommend that you pick one strategy or niche that appeals to you most and focus on that.

Pick a solid B-Class suburban area.