LVR restrictions on any property that is not your home, very low yields, high building costs, median house price in AKL that is over $850k.No building depreciation, and government that is introducing pro tenants laws... 

I think your expense estimate is very low.

You can get them at Lowe's for $15-20.

In my opinion, $1k additional per unit totaling $3k is rather low considering the additional liability the Architect will incur. 

I have seen multiple properties in Puerto Rico that I am interested in due to low cost.

I had started low.

Otherwise, you can get a conventional loan as low as 3% down, but 5% is easy to get with decent credit.If you are in a position where you won't qualify for FHA or owner occupy, I would recommend looking into private money loans.

I made a low ball (i thought) cash offer.

I have the money for repairs but would like to get into the property with no or low money down.

We were all set to close on the sale of my flip until my buyers lender decided they needed a few more conditions cleared: It is a high interest (8%) jumbo loan with 10% and low 600 credit (640 maybe?).