I would assume a 10% of the gross rent for that expense. 

I understand if I buy single family there will be no problem to get FHA but I like to have multi family so I can live in with minimal expense.  

The expenses are very high and I need to cut them.

Real estate is a very expensive business and, no matter what you read or hear, you need money to invest in real estate.

Those are super expensive and come with nothing on the second floor.

You do the least expensive and the easiest to repair when the tenants or others do damage.

The VA looks more closely at your income and expenses than other loan types. 

OR subscribe to something like Costar (which is very expensive) or I think there are some CRM hybrid property databases out there.

I am speculating but if the rest of the home is in similar condition then your agent may have only quoted the property with carriers that have looser underwriting requirements but are more expensive.

I hear excuses why people wont invest in real estate:- Its too expensive now im going to wait until the market goes down- I don't want to deal with tenants- I don't have time right now- I cant afford it- Im not willing to move- And so onThere will always be pessimists/doubters, in any investment really.