I'm not pursuing this in Denver because the cost to play is much higher and I feel confident being able to raise the capital necessary to do this in a cheaper market. 

I am playing a bit of devils advocate here, to make sure you're tight on your numbers, and different folks have different views, just offering you mine.

Love to get my funds back ,and play it again.

The DSCR may not be great but the understanding is that there's an appreciation play here as well.

Einstein said it best, “A person who never made a mistake never tried anything new.”Play to your advantagesThe beautiful thing about real estate is… there are thousands of ways to be successful.

We have the following questions:- How does the LLC come into play here, since we have the primary residence mortgage under her name?

Also, your personal DTI won't come into play, there's no income requirement.

Coupled with a crazy hot market, I think that is a difficult play if you are using any kind of financing (I was, even though I'm used to buying my local stuff with cash).

Appreciation has been substantial for a long time for anyone holding 5 years or more except maybe for the 2006-2008 time slot. 

The people I have talked to about financing this deal tell me they won't do multiplex on a single-family or they will make me get two loans for the single-family and triplex which drive up the cost of the down payment, so I am interviewing more financing institutions and/or specialists but advice here would be welcome.The plan is for my business partner to house hack one of the units, while working on the ground to fix up the property, while I work on the business side, playing to our strengths.My notes for this property:Pensacola Fl 32507 – $349,900 - 1938On the market for a total of 268 days – estimated $1667 mortgage Single-family (1200 sqft) home with 3 unit in triplex (upstairs-1150 per month - 1422 sqft) bottom 2 units (ea. $800.00 per month-600 sqft) possible AirBnB would produce more income per month.1150+800+800=2750Expenses: Taxes $150, Insurance $100, flood insurance: Vacancy $100, Repairs $100, Cap Ex $100, Mortgage $1667 Utilities: Renters responsibility, Total $2217 per month Cash Flow= $533 per monthCash on Cash return: need total repair costsPros:Great neighborhoodTurnkeys come with propertiesNo major issues to the home found in the last inspection.Found no liens or back taxesConcerns: 1.