How do those costs affect your potential profit?

You would potentially qualify based on the property's rental income.3.

Your 1st challenge is to get educated about how to talk to potential sellers about their property in a way that they will be open to a terms offer.

Rates have come down a bit and can work in certain situations - but this one looks like it potentially has the factors to make DSCR work in this environment (lower on the value range, multi-unit, creative leasing strategies i.e.

Tough to give an accurate answer here since there are many unknowns here: location, condition, property taxes, potential rents etc. 

With potentially large amounts of federal funds sloshing around, I believe the city wants to get in on the federal grant money, thus is taking "concrete steps to eliminate such needless barriers to producing affordable housing."

In H-Town, fancy storage and garage condos might not be widespread yet, but I reckon there's potential.

The property manager for now suggested cleaning up, putting in insulation and then do the dry wall later  

I’ve posted multiple questions about this duplex we are (potentially) about to close on.

The question is, should I sale the land and use the money to invest in a turnkey property or should I utilize the land and potentially put a few mobile homes there and rent those out.