Duplex offer

[Oscar Turner]

Hi  all, I have 2 questions. 1. I recently put in an offer on a duplex. The house was on the market 6 months and the price was reduced a month ago from 140k to 130k. I put in a offer at 136k and was told by text that the offer was declined and the seller had another offer significantly higher than mines.  So is it normal for a house to be non active and received offers "significantly' higher out of the blue. My second question is Im looking to buy a duplex 3/2 and 3/2. Rents will be $2100 total.  What price should I stop at when looking for a duplex with $2100 rents in order to get a profit out of the deal.  Im expecting to put 20 percent down. Im just trying to see where to start with my price point.  flood insurance is about $500 a year in my area.