.#4 Your credit matters when you start dealing with lenders so be smart about building a good score while keeping your debt to income as low as you can.#5 Even if you don't agree with everything Dave Ramsey has to say about finances.

Low entry point?

That kind of rent growth is one of the reasons why people buy apartments in that area for absurdly low cap rates. 

then pick up some other properties.Overall the leverage of your portfolio could be low, even if a specific property was high...This assumes you have a decent income outside of these etc, use the HELOC as your reserve, BUT have cash to back it up just in case.

Ran the numbers if it was just going the one occuppant with all the insurance and a down payment of $10k Cash flow is low - $73/m but that is based off one occupant @ $1850/mCap rate is around 9.6%And COC is around 8.7%If the other is rented out then number change but trying to be conservative.Is this a good deal or bad?

Ran the numbers if it was just going the one occuppant with all the insurance and a down payment of $10k Cash flow is low - $73/m but that is based off one occupant @ $1850/mCap rate is around 9.6%And COC is around 8.7%If the other is rented out then number change but trying to be conservative.Is this a good deal or bad?

If you are really interested in it then look at a really low offer. 

I believe that the current rent is way too low/not being maximized and I would also like to update the unit. 

Taxes seem low for annual but high for monthly. 

You can always do a low down payment conventional loan, and do a lump sum recast later on to bring down your payment later if you want.