At 50% rule, there is $700 to pay P&i.  

My recommendation for you is to identify your goals and find the market that will cater your strategy. 

Single, college aged or not, I wouldn't even consider paying for a place with no means to shower.

We sell more multifamily than anyone else and come across quite a bit off market too!

That said, I'm unfamiliar with the market and would love to meet with other investors who are finding some success (and mishaps) to help refine my game plan.If there are any REI meets ups please let me know!

Hello,I am curious what a good ROE would be in the current market conditions for a new acquisition.

I guess you are doing a net land lease where the solar company is paying 100% of the property tax.

If you are using their money for a down payment, are you really planning on renting it to them in a traditional sense or simply having them pay for the mortgage, insurance, taxes, etc (ie you won't be renting it at market value more you are buying the home for them and they are making all of the payments and repairs?

It was a duplex and they were collecting the rent but not paying the mortgage.

Because sec 8 will pay more.