It looks like you are calculating based on cash on cash, but I'd think you'd want to include some financing/debt service etc stuff in there too.There's nothing wrong with buying something for cheap. 

Our current payment is around $1350 including Taxes, PMI, ETC.

@David VanWert The challenge with a BRRR partnership ship is really timing... what I mean is that we’re o key using our money on the very first deal, The you execute BRRR and do it all over again with your initial cash that you just pulled back out.That said, for me to partner with someone at this point, they need to bring something to the table aside from cash, since the BRRR method provides for recirculating cash from deal to deal.

I took a look and the part is out of stock, but has an expected shipping date of Dec 11, 2018 if I order today.

A QOZ Fund simply needs to fill out paperwork and include it with their annual federal tax filing. 

Currently renting both units with a CoCROI of 13.2% [taking all expenses including vacancy, CapEx, and property management (even though I'm currently managing it) into account].Currently living an extremely frugal lifestyle which is what enabled me to purchase this initial property.

CapEx is included, but is considerably lower because it's a very new, excellent condition property (I considered things such as paint, appliances, flooring that would be needed while we still own the property).Purchase Price $350,000Purchase Closing Costs $1,300Total Project Cost $351,300ARV $350,000Down Payment $12,250Loan Amount $337,750Amortized for 30 yearsLoan Interest Rate 4.6%Monthly P&I $1,731.46Total Cash Needed $13,550.002% Rule 0.85%Initial Equity $12,250Monthly Income ($1500 per unit) $3,000 Monthly Expenses (Including CapEx) $2,607 Monthly Cashflow $392 Pro Forma Cap 7.28% Total Cash Needed $13,550.00Cash on Cash ROI 34.73% Purchase Cap Rate 7.28%Est Vacancy $150PMI $200Est CapEx $63Insurance $80P&I $1,731.46My only major concern is that I'm not meeting the 2% rule (and just short of 1%, even), but this is probably the closest property I've seen, and has a significant cash on cash ROI.

Yes, but most likely most investments will be falling if that were to occur including the cash flow properties.  

The Kitchen was upgraded with new cabinets, granite countertops, garbage disposal, stainless steel appliances that include the following:Bathrooms remodeledAll hardware and doors replacedCeiling fans throughout the homeUpgraded electrical switches and outlets2 car garage What made you interested in investing in this type of deal?

I recently attempted to purchase a condo that needed a bit of kitchen/bath Reno; I found HOA detail on the MLS and its usually include there’s or Zillow by the way.