You could use a heloc to help with the new downpayment and have some reserves if something goes wrong. 

Prove me wrong. 

But warped floors in a 1998 house means something is wrong (at that age, it's likely under-engineered framing).

I could also be worried about the wrong things.I've ony received 3 rent payments by now if that makes a difference, but have been living at the property since October or so.Any advice would be appreciated.

I have to be wrong.  

There is a lot that can go wrong, and there is a lot that is preventable if you have the right background knowledge.Did your agent request 3% for this particular deal with this particular buyer, or just 3% for your representation?

Hey everyone, I’d love some advice from experienced investors.I’m under contract on a multi-unit property in El Paso, TX and want to make sure this is a good investment long-term.Deal SummaryPurchase price: $298,000Seller concession: $7,500 (already negotiated)Property type: 2 units + back unit/ADU (3 total units)Current rent:Unit 1: $1,050Unit 2: $1,050Back unit/ADU: (not rented yet / unsure market rent)Total current rent (2 units only): $2,100/moMy estimated monthly payment (PITI): $2,450/moPlan: House hack (I’ll live in the ADU/back unit)Inspection Results (Biggest Concerns)Inspector flagged these issues:Possible gas leak smell at water heater + furnace connections (east unit)Electrical safety issues (open breaker slots, grounding issues, wrong wire gauge on a 50amp breaker in back unit panel, missing GFCI outlets in kitchens/baths)Roof issues: ponding water on rolled roofing, slipped tiles, exposed underlayment in valleysSewer scope noted debris + standing water (recommend plumber evaluation/repairs)Ceiling drooping in east unit living roomMy QuestionsWould you move forward with this deal?

Loan terms such as rates and down payment can be changed all the way up until closing if the investor is working with the wrong DSCR lender or broker.

There are a lot of risks and a lot that can go wrong because you're not there and you don't know the laws of that state or the market. 

I'm assuming they're cash flowing at the terms of their original deal, but haven't bothered to increase rents so it's a worthwhile deal in the current market.Maybe we're running the numbers wrong...does this resonate with what you're seeing?