I've been working part-time and going to college full-time basically since I graduated high school in 2011 and am going to be working full-time and going to school full-time in the Fall to allow myself to put away as much into savings as possible before this next year. 

Basically I was trying to incentivize them to move to the upgraded unit so I could get my rehab team in the old unit ASAP.

Here is a screen capture from "Emails and Financials" you will find that the first lender basically asked for the farm.

What if your goal is to amass a small portfolio of 50 properties in your lifetime?  

@Jordon Milford without even changing any numbers it would be a hard pass for me if I were looking at this deal, your current calculation shows you would make $11/month as it stands, so basically no cash flow.

In most cases you're basically rewiring the whole building.

Its not a massive 100 year old home turned into a 4plex.

This "master plan" is basically starting and developing a portfolio of rental units. 

The three family has not had a recent appraisal but seems to have conservatively about 50K in equity in my market.This is just the basics of my situation.

My friend (who lives in the area now) and I are considering buying a very basic, 1 or 2br1bath condo that we hope to maximize rental income through 30+  days medium-term rentals- since I lived there and even my last visit earlier this year, I actually didn't realize how stringent the str regulations had become, and I still don't know how small-time landlords actually deal with the laws now.