Keep us posted, you are going to achieve greatness.  

How can I achieve this with a 417k cap? 

I'm asking because I have multiple people interested in renting the unit.

We rehabbed a duplex and it was awesome doing it with no tenants in either unit.

According to the zoning agent, the only way to legally split a SFH and rent out one unit is if the lot is >14,000 sq.ft.

Take your income, subtract your expenses, and you have a much better understanding of what your income will be.My newest calculator (which I'm aiming to finish this weekend) will be an in-depth one that goes through the numbers.My first calculator does the 50% rule - very good to do a super-quick estimate on a propertyMy second calculator takes the income and generates an estimate for what a property is worth based off of the cap rate that you want to achieve - good for getting some estimates of what your offer might be on a property

If you can leverage good debt you will achieve substantially more aggressive returns.

Certainly, and you could achieve 14%+ returns as noted earlier in this conversation thread.

There is no such thing as balance- Balance is something you get after you have arrived or achieved at your goal whether that be tons of rentals, flips or whatever your goal.During your pursuit of it there is no such thing as balance- That means if you are employed you will be spending an insane amount of time working on your real estate stuff, you will not spend as much time with family friends etc.

buy whatever house you want relative to lead paint, however, prepare to do what is necessary to achieve lead free certification....aka, rip out and replace all window door casing trim. not the end of the world, just an extra step.