PITI: $1,200.5% Down Payment of $163,000 Purchase Price.Property Appraised for $190,000 right out the gate.Originally paid Gas/Water for both units and electric for 1 side, but am in process of switching electric over to new tenant, which should save $140-160/mo. 

@Noel R.What you are discussing is kind of possible.You and your business are disqualified parties to your wife's retirement plan. 

Aren’t you losing out on the real estate tax benefits using retirement accounts?

I also set savings goals to help fund my first deal and when I will be taking action on that deal. 

I found that , yes, I saved on taxes, but that maybe without the time pressure of those 45 days, I could have sat back and maybe found an awesome deal (instead of just a good one) , that would have ultimately created more profit for me than what I have saved on taxes. 

Like a said, its a small victory but it got me one step closer to enough cash flow to retire from my day job. 

Creating a savings plan and budget for the purchase of a duplex, from my understanding the following expenses typically include what I have below,what else am I missing ?

. ~$200 saved me $10k.. no brainer.

If you don’t save enough you may regret it later.The rest of your Analysis looks ok.

Currently house-hacking in a SFH in Plano, looking to save up for a down payment to purchase a property in OKC within the next year.