Two things to consider, does splitting the lot in two lots increase the property's value, and do higher interest rates on a multifamily property (5+ units) negatively impact your cash flow?

The numbers work, as it cash flows nicely given the section 8 rental standard payments for the zip code of the property. 

All property managers get paid for that so if I were you, I would work out an arrangement where you own the property 50/50 but the cash flow is NOT 50/50.

I have since received a text from the realtor asking for all information to flow through her. 

Interest only you will be paying points upfront as every lender has fear you will early pay them off, and once you calculate those points even over 60 months the rate is higher.You are looking to shave off costs to make it cash flow?

The exchange @Dave Foster is talking about ended up taking us from -200 in cash flow to positive 2000.

They have the lowest rates we can find and since they are 30 year fixed...they allow us to cash flow better...which helps us qualify for other loans later.

I have a clear goal of trying to hit $3k / mo in net cash flow and I have a moderate-to-high risk appetite.

Currently looking in cities such as:Columbus & ClevelandAustin, Dallas, San AntonioCharlotteDetroitIndianapolisWould love to purchase ASAP and start scaling, with cash flow.

Current rates do not help your case around cash flow, but I like the strategy you are promoting for room to room rentals.