Numbers too tight.  7% is low for capex and repairs. 

So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70%   1) Fixed Expenses:        a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance:  5.4% 2) Variable expense - Water bills + repair expense : 16%  Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7% b)Child Care: 25.4%c)Living expense: 22.2% d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100%  A) Rental Income: 42%  B) Wage income (W-2) : 26 %  C) House Flipping Revenue: 23%  D) Property Management Revenue: 5%  E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.  

I did think it was a bit of an "iffy" thing, so thanks for the assistance.

With repairs this house could be 650+ after the conversion to single family.I'm looking for a private lender that would be able to finance this property in a 75% after repair value with 3k/ monthly or less, and full due in 1-2 years.

I was hoping to find good book recommendations to assist me during this initial learning phase, along with any advice that you may have for someone that is only just starting.

Discuss who makes repairs during option period- typically buyer.It works if the buyer can legitimately qualify- dont take someones deposit if they think they can qualify in a year... but you know they wont be able to. 

I am happy to offer my assistance.

We are reasonably handy people if a house needs repairs we are willing to take on a task and put in sweat equity.

I’m estimating between 65k -85k in repairs need to be done.

Hello, in Portland, Oregon, we have a tenant protection ordinance that has landlords assist with relocation expenses for no-cause evictions, but not if the owner has no other rental units.