I used a FHA and OHFA loan combo to get a 4 unit building in Kettering Oh.The FHA only requires a 3.5 percent downpayment and the OHFA gives you a 5.1 percent of asking price to help with closing.

I’m in my fifties and still market for another company and want to bump up passive income substantially!

I’m familiar with looking at expenses as a percent of gross income but not NOI.

I very much doubt it will happen in a lifetime, and I think a lifetime is more than what's left.

@Jason Hendrickson  Thats about the rate i will receive on this loan. also a fha loan for 3.5 percent down

We both are over fifty.

Sold after 15 months of ownership, for ROI in excess of 20 percent.

If they blow the money and are broke in 12 months, well at least they had what is likely a once in a lifetime (for them) experience. 

I imagine there is only going to be a total of 20-35% profit in the deal (percentage of total sale) to be divided among three people, so that's not going to translate to 15+15+15 percent of total. 

House cost 183,870 with 5.125 percent interest rate.