The plan is to live in part of the home and rent out the other rooms to cover the mortgage and generate some income. 

Like Rick said, if the numbers make sense for you then why not?

If you have it at 399k, what are the rents of the two units now, when do the leases end, and what is the expected rent of the vacant unit? 

Start collecting rent on the 2/1($1650 within 45 days from close).So the question.. how do I tell if this is a good deal?  

Hello All,Does anyone have a couple of good brokers or direct lending contacts that specialize in commercial loans (multi unit 5 or more) on the North side of Chicago? 

Hi the seller has a tenant who 's lease expires december. he offers two options:1) sign the contract now and wait to close when the tenant leaves in december .2) close now and keep the tenant. 

However, the ROI on the cheaper house seems kinda low if I rent out the property as a whole.

I have $1.5M in the bank, and I’m trying to figure out the best move for my situation to start building out my portfolio and making moves towards financial independence.

I like to thanks, for all the support I am growing a bit every day thanks to BP and everyone who share knowledge and years of experience.

With seller carry backs you can get the seller to take a 2nd mortgage and carry most if not the entire down payment.