I'm unsure of how it was calculated or if it may have been an assignment fee that was misinterpreted on their part but they were the seller's agent. 

Also to note my brother is a journeyman plumber who is willing to help on any plumbing repairs should they come up.Financial ConsiderationsThe numbers look good using the BiggerPockets calculator, but I have concerns about our ability to pull off a BRRRR strategy due to cash reserves and DTI constraints.

Add at least $3k per year to any repair and maintenance expense you’ve assumed in your expenses calculation 6.

In most cases, parental income is calculated in its entirety.

I use the 1% rule as only a pencil calculation. 

So yes, you need to set aside enough money to pay future taxes.Taxes are calculated only on your net profit - i.e. after everything is deducted, including labor & materials, holding costs, financing costs and business overhead such as marketing and driving. 

I am a spreadsheet junkie, so of course, I also built my own custom underwriting calculator!  

It will go much further than someone walking you through two flips long distance and in buying a LTR when you can use the BP calculators for both of those.

I would assume the actuals are not actual because it's showing 100% occupied for all 12 months.Capital improvements fall below NOI, and do not affect property value.And I think you need to have some type of debt to calculate a purchase priceGino

Your living expenses get rolled into the investment, which can offset the expense (you're paying $1300 in rent each month--including that in your calculations for either a duplex or a home with an adu may make the investment numbers work better)I would strongly encourage you to spend a lot of time figuring out how to make a house hack work for you guys.