What's the condition of the studio? 

The house, in the condition it is in, is currently appraising at about 350k.

Purchase price: $240,000 Cash invested: $60,000 I purchased this duplex in distressed condition using owner financing for $240K and secured a $60K hard money loan for renovations.

Although I conducted a basic septic inspection during the closing, and the system is in good working condition, it still failed the STR inspection.

- Run your numbers (including all operating costs including property mgmt) based on current rents in AS IS condition and renovated.

However, with the rates and conditions of any triplexes and fourplexes we could find (we did find one, but it's in the Pendleton Heights suburb of KCMO, so we were worried about it being too dangerous of an area), we were wondering if it's worth it to buy a duplex and rent out the other half to help pay the mortgage, or if it's more worthwhile to rent an apartment and try to save up to buy a residential or commercial MFH later?

If the house were in perfect condition, it would be worth around 250-275k but as of now, selling isn't an option because we may use that property in the future for our business. 

There have been times when (left in such good condition and clean)  I've refunded when they left early.

If you wanted to add air conditioning, you could consider simply adding ductless minisplit systems!

7 - What are the ground soil conditions?