It would produce appx $2600 in income when fully rented.

I think a lot of these "investors" are just trying to park cash in a safer income-producing asset than the stock market and many of them won't be keeping up with maintenance or won't be forcing appreciation with rehabs, etc, and the deals will be coming. 

I get it, the cost to borrow money is cheap and many people are thinking the same as we are, Tangible/income producing assets.

Another infrastructure situation to be aware of would be to see what the well is currently producing to see how many additional wells you would need, there are regulations regarding the well yield and how many homes can be serviced.  

Those who produce values--including real estate investors should not be regarded as objects of disgust.

I ask because at the moment, and as Joseph eluded to, with how little inventory there is to purchase here coupled with the massive (and still growing) demand for housing both on the investment and retail side, solid deals that will produce good cash flow are fewer and farther between and so heavily sought after that when they go to a multiple offer situations the margins dry up pretty quickly.

So im considering using the FHA MFH loan to purchase a quadplex in my county however the numbers might not make sense so im wondering if some other eyes can have a look and say yay or nayThere are presently no "deals" on the market at least from the MLS and the last Quad I saw online was the following$750k - rented at 4x1500 = $6k (it was in an A class neighbourhood with the best schools in the county and the same quad in a b/c neighbourhood is around 650k renting at 1200 per unit) so for the first 6months and 1 day - 12 months I would in be living for free but would be putting that $1500 a month into a high interest earning emergency fund for when things go wrong and then when I move out the new cash flow would be going in there)Well below the 1%now the reason why I would consider it is because as a realtor and hopefully soon to be mortgage lender by the time I wrap in all the commissions and fees out of pocket I will only have about .5% needed for a DP and closing costs so around 15kSo I would be able to get a 6k a month producing asset (probably cash flowing around 800-1200) after PITI for 15k total initial out of pocket (not including initial inspection costs etc)There are no FHA MFH in my county that fit the 1% rule so advice on this would be great.

It's a lot of doors producing rental income and amortization of the loans! 

North Carolina does have great job/population growth which allows for an abundance of high quality tenants and the many military bases produce great long term/quality tenants! 

They just produce more income with similar expenses to a SFH.