an HVAC contractor bid and tried to price two single units (at twice the installation cost of one)    The way I am going to set up mine with a single outside unit with two interior units (dual zone)

@Lexi Teifke - As always, the theory like the theory, but in practice is what counts.The internal rate of return hurts my brain just to read the definition, never mind calculating it: internal rate of return on an investment or project is the "annualized effective compounded return rate" or rate of return that sets the net present value of all cash flows (both positive and negative) from the investment equal to zero.

It's also important you set boundaries with your tenants. 

This has led me to business school where I plan on taking a 1 year Masters in Finance which will only set me back 10k with a potential starting salary of 60k.

The way you have it set up now according to your description, it isn't going to protect you if your tenant sues you. 

I'll be buying in Texas, I'm also using the VA loan (Pre-approved $300,000).I'm really set on getting a multifamily house (duplex/fourplex) live in one side and rent the others.

Good luck, and keep up the motivation, it's not an easy task that you have set out before you. 

I highly recommend Jason Flemming of CIBC.He understands the real estate investment game and very objective.

If you build the value good enough early in the call they will make a fight or flight decision at this point , then fax them the contract and get their word that they will do the deal and set up a phone call for after they sign it and send it back to you.

Set up a separate bank account to hold their security deposits and rent5.