I believe this property will need about 5k improvements on exterior and probably 25k interior to bring these up to around the average rents of $900

And before the entire spectatorship of his death—all obstructing walls have been torn down and the great figures of the empire stand in a ring upon the broad, soaring exterior stairways—before all these he dispatched the messenger.

I've been opposed to making a huge increase in their rents because they are good loyal tenants that have been with us for 14 years and 10 years. 

Just wanted to see how other investors went about purchasing their deals and if there were any benefits to financing the purchase and rehab as opposed to using my cash.

Wondering if you have any additional criteria for renting to roommates as opposed to a family. 

Buying sight unseen (saw exterior and couldn't see inside) did not anticipate the house being flooded for over a year and have the house covered in black mold.

You'll want to check and see what the HOA covers becuase often it's roof/exterior paint, etc. so you'll need to either pay for these now or pay for them later and if included in the HOA, then you're really just setting aside reserve funds for these inevitable repairs.

In order to close on the property I have been advised to put at least 15% down for a duplex, find a private or hard money lender to buy the property outright or remove the kitchen, and the exterior door lock on the 2nd unit so the appraiser can have it identified as a sfh.

After running the numbers on multiple properties in the area I determined that a multi family unit would generate enough in monthly rent (as opposed to a Single Family) to make the investment worth while.

But we have had friends with opposing confrontational spousal mindsets & it had not ended well & sadly most worked until they HAD to retire!!