You purchased at the peak and are now left with expensive dirt. 

Construction changes so fast with weather and construct ability issues so it is important to email/text/call your sub Contractor as soon as things change to minimize lost time or capitalize on speeding the schedule up when possible.

I'll guess that the reason it can't sustain 5 new units is that $950 might be the upper end or peak of the rental range. 

Sales prices for similar homes in my selected area peaked and began to fall before renovations were complete.  

But, when I buy makes a big difference since buying now towards the peak of the market means my $ gets me less house, in a worse location than if I waited, and I get less appreciation if I buy at a higher price point now vs later.What do ya think?

This might have costs to the speed of the next property, but 2) it meant that I got the benefit of the property manager's experience to inform the rehab.

I have a close friend with a large amount of cash who wants to lend me money to speed up the rate I can acquire properties.

Offer to help them (a) do more deals (volume), (b) do deals faster (speed), and/or (c) do deals with more margin (money).Excited to hear what works for you!

IE terms too good to be true just send me a few hundred in advance..Patch of land is real.but if you want to shop here are a few others that are for realLima one      right in your back yardlendinghome   another crowd funderLendingone    out of FLA Peak  out of Kansas city.visio  out of  Austin TXAnchor out of SOCALthese are just a sampling  all of them send me wholesale sheets as I am NMLS licesnsed and could refer loans and make fee's but I have no interest in doing that.

Currently paying 1060 in rent The deal we are hoping to close on:2 unit home:Upper Unit - 1br, 1ba Current Rent:600, once we get new tenants, I think I can get 700 or 750Lower Unit - 2br, 1ba Current Rent: 750. plan to occupy this unit. upon move out could probably get 1050 if I add a washer/dryerClose to downtown, 2 blocks from VERY nice YMCA, 3 blocks from UniversityThe numbers:Listing Price: 149,000Winning Bid: 152,000Appraisal: 134,000Final agreement: 134k + 6k seller finance (hand shake) 2 years @5%5% down + closing costs = 12.3k out of pocket initiallyMonthly expenses:P&I + Insurance + taxes+ PMI = $991/monthsellers financing = $264/month (I'll probably pay $300 to speed things up)$1255/ month - ($750-33% for vacancy, repairs, other stuff) = -1255 + 500 = $755 out of pocket. (1st two years)-991 + 500 = 491 next few years-991 + 500 + 705(67% of 1050)= 214 cash flow ($281 after PMI)$755 Compared the $1060 I pay in rent currently, I feel like I'm making 305/month.