One must also navigate the fact that some of these houses have been declared over 50 percent damaged by the local Department of Public Works (or whatever the Parish in questions calls it). 

The second 2/1 will be a lifetime move in (I am caregiver).

Eight percent of $25000 is $2000, not $166.  

Say you have a 200 ARV house needing 20 in repairs70 percent of 200 - 20 repairsIs that a good deal for seller?

@Donald Dickerson,Considering how prices have gone in most of our lifetimes, the idea of "millionaire" has been rather diluted, I think. $1 Million just doesn't go as far as it did 50 years ago. 

Thirty percent of something is a whole lot better then 100% of nothing.  

Case in point: Over the five years that ended in July, the median home price has rocketed up 94 percent in San Mateo County, 74 percent in Santa Clara County and 67 percent in San Francisco, according to figures from the CoreLogic real estate information service.

These are true costs that you’ll experience each year while you operate a rental.Your expense factor on a single-family home normally runs around 35 percent of your rental income.

Not sure if the percent is readily there but you can pull all for sale and all sold and divide.

So for that price, I'll get some cash flow if I put 25 percent down.