@Cody FriedrichAssuming you bought the duplex in Indiana non-owner occupied, house hacking is a completely different calculation (in my opinion). 

This is my opinion only. 

In your opinion, do you think as long as everything passes inspection I still should be okay given the age of the system?

In our opinion, this doesn’t result in a viable income amount or analyze income stability.

It's the absolute best strategy in my opinion. 

In my opinion, that is one of the safest and cheapest ways to break into your market locally, without some "guru" selling you on their Real Estate Investing guide or whatever.

I personally have $100 cash ready to buy your property right now.Second, no, the open ended listing agreement suggested by some on here is not appropriate because that would mean that you think that the agent is actually representing you - dual representation - which is not beneficial to you and should not be legal, in my opinion.  

320K is a bit more conservative in my opinion.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

If anybody knows of a precedent, please share.I'm not an attorney, so my opinion in legal matters is worthless.