Therefore, if you don't own a car it would take a long time to commute to the city by public transportation.

Location: Raytown-adjacent, outside the 435 loop, 73% owner-occupied neighborhood, Raytown schoolsProperty specifics: built 1960, 3/2, 1200sqft, 2 car garage, large lot, quiet streetPlanned renovations: New roof, HVAC, some new electric, finished basement, good cosmetic finishes (hardwood/tile, granite, etc)NUMBERS:Price: $99k (after renovations)Projected rent: $1100/moEstimated monthly expenses: ~$400 (allowing for vacancy, maintenance, taxes, insurance, PM fees)I'd use leverage to purchase, and with the payment factored in I project just under $300/mo cash flow and about 11% COC, Cap rate between 8-8.5% depending on how you crunch the numbers (I'm rounding them for the purposes of this post, but I calculate pretty conservatively).The numbers are decent, and I like that this house is on the higher end of neighborhood normal - it should be a very desirable rental, and attractive to a potential future buyer (though I intend to hold).  

So I am looking at a duplex, I will be hosue hacking, but that isn't really affected by analysis.It is a 2 unit, 4/2.5, with 1 car garage each side, built in 1994 with 3400 total sq ft (~1700 ea side).

I've never seen a Coke commercial with a diabetes warning or a Coors commercial showing a deadly car crash.

:) Maybe I will find it in one of the off-topic threads about what kind of car/truck everyone drives. 

Since most duplexes are bought by investors, is it worth the $15,000 to put in a 2 car garage? 

In my first car loan, many years ago, they actually were  allowed to front-load the interest in the payments, so paying it off early didn't help at all as the full last year was nothing but principal, and they didn't have to disclose it clearly, just small print I didn't understand at the time. 

I co signed for a close friend of mine and they stopped making payments on the car note and the car was repossessed.

Unless he can't make his car payment and/or he he needs the money for his EMD to the seller.  

The escrow company is not going to protect you from a lawsuitAs a business owner you need attorney to "act for you"That means you tell him what you want to do and they draft the agreementsIf you get sued they represent youRealEstate is not buying and selling cars, residential real estate has risks, and you need to protect yourself from those risksRealize if you go to court when you buy own terms such as lease option, contract for deed, wraparound mortgage, installment sale, these are all tools that are on, if you're doing it as a business, you're the expert, and the seller can claim that he was tricked,  blah blah blahPlease don't do this business without having legal advice@Jeff V