It had 22 of the 25 lots occupied but we'll be fixing it up, filling it up, billing back water and raising rent up to market.

Compared to fixing them both up and paying full taxes as flips.

Dustin, you're comparing apples and pears.

It's worth comparing terms between your current lender and others to see who offers the best deal in terms of rates and fees.Purchasing a Property: Whether you purchase through regular listings, an agent, or an auction depends on your risk tolerance and expertise.

Community water, and electric are at the street.

Comparing workload, a multi-unit property will still require showings, maintenance etc for multiple units.

You should look for an "investor-friendly" PM company that knows how it is just dipping your toe into the water of buying a home/condo/townhome.. 

These properties tend to hold value better and offer stronger appreciation compared to duplexes or small multifamily units.

My understanding is that although it can work, these types of legal agreements have big downsides compared to sub to.

My principal/interest, escrow, and insurance is 1570, and my HOA is 306 and it includes water.