Net income = $39,240Monthly operating expenses are as follows: Trash - $33, Landscaping/yard - $66, Electric - tenants pay, Water - $95, Maintenance $87Monthly taxes about 3KSo, gross expenses are at $41,064If I'm doing the calculations correctly, my net operating income is -$21,888 and cap rate is -3.4%.Obviously the current numbers look terrible for this investment, but I feel like the rent should be raised significantly based on comps (above 2K each unit). 

Might as well get paid for it.

Also does not take into consideration setups costs if not paid by the solar company.

Code violations are expensive to fix and will be used against you.

If you're incorporated (s-corp) on the employe side you can contribute 25% of what you paid yourself for the year.   

I'm hoping to start my career in either metro Dallas-Fort Worth or Chicagoland, and my main priority to is to minimize my housing expense with roommates while building equity and learning how to be a competent landlord.

Keep the 50% Rule in mind: about half of the rent will go toward non-mortgage expenses, when you average all expenses over time.

and hard money would be too expensive, Am I missing anything guys???

I got this deal from a wholesaler and paid the price that the wholesaler was asking since it was already discounted.

Ive paid referral fees in almost every state and received them from almost every state.