with that cash flow I will stay away.

There is a lot of information here and webinars you can take a look to review the data on a property to see if it will cash flow. go to a lot of local meetups and network with like minded individuals.My advice is to educate yourself before your do a deal as you need to be familiar with the numbers to see if the property is the right ones.

Is 0.75 multiply against what is charged for rent for the month or is multiply to the cash flow I get after I subtract all expenses such as insurance, taxes, and paying the existing home mortgage?

My husband and I did this very successfully in a similar position to yourself and have a nicely cash flowing duplex now.  

It could cash flow a little bit each month, my worry is if i am unable to get 1650 a month in rent because i think 700-750 each is realistic.

Your process flow is not only a time saver but also de-risks the asset!

All you accomplish parking cash in real estate is to buy cash flow at a very high cost and reduce your CoC returns.  

I'm fairly new and its overwhelming because I know this comes down to figures and the asking price is significant even with the potential, growth, and cash flow this project has.

The margins for cash flow 1.

If you look at the appreciation on a monthly basis, it is twice your monthly cash flow.