Unless you have a boatload of cash and experience, you aren't going near foreclosures.

The current interest rate environment has put a damper on a lot of investor's plans to execute a cash out refinance. 

Renting both units could probably cash flow around $1000 per month. 

Last year we were able to connect an investor of a coastal six plex with our personal credit union and due to strength of borrower and property, they provided a non-member with a 25% down mortgage with a 25 year amortization on a property the seller was requiring 'cash only' due to the presumed challenges of multi family financing. 

While your property management companies provide monthly statements, having a dedicated account will make it easier to track transactions, verify statements, and manage cash flow.

Looks about right - here's also a list of the top cash-flowing cities if you're interested in major metros

Purchase price: $25,000 Cash invested: $5,000 I bought this property in a package of 4.

That property would never cash-flow with today's interest rates.   

Purchase price: $177,000 Cash invested: $68,000

Doesn't matter if you talking cash-flow or profitable flips.