How long did the reno take? 

RE has always been very long term... and for the next few years I think that is going to be especially obvious.I'm still looking for deals but it's much tougher than 2 or 5 years ago.

You picked the wrong kind of property to start in as a 3/3.1 townhouse is not ideal for room hacking and is more residential in nature which is why you should sell it and take the proceeds and deposit money and look for a two-family where you and your brother can live in one side and you can full rent the other side - maybe even as a mid-term rental to 2x the rent.

Curious what type of work you did on the property, how long the project took, and what the exit looks like!

I would like to purchase long-term rentals (ideally in the Denver metro where I live) but am not sure what, if any, cash flow I could achieve. 

The financials of the property and applicants investing experience / credit history will factor into the proposed terms for the purchase. 

It's a long term investment, not a quick ROI.

Hi Chandana, More information would be needed to determine if this is good terms or not. 

After 2 Duplexes ($80,000), we left with $320,000 so we want to buy another 2 Duplexes (same price) with 25% down payment ($112,500/each) since we are not living there for long-term rental which left us with $95,000 left.

Peoples sexual or religious preferences are none of my business but do they follow the terms of the lease is what I am concerned with.