Damages from water leaks from unit above or roof are usually covered by insurance, all depends on who gets their way (aka who screams the loudest).

May be a quick way to save $3k :)Either way ~ its a screaming deal IMO!

Linda, your verbiage made my head spin and I realize how bloody complicated this whole thing is.

I probably wont purchase another duplex unless I purchase a parcel of land, plat it and build them out myself or find a screaming off market deal on a higher end property.  

@Chad Gibson There is nothing wrong with the second approach but it screams newbie wholesaler that probably doesn't have any deals yet.It will take time to find you first genuinely good deal so while looking build your list.

Have a team of professionals, an avenue for funding, a list of buyers that I know are looking for certain properties (even if I don't, if the deal screams "good deal" that should entice the buyers to step up), etc.

I literally have altered my own perspective and recognize that fear is like a sign post screaming "here is where the opportunity is, come on!"

@Joe Villeneuve  As a former 101st Screaming Eagle.... nice historic reference.  

My opinion on my market is that it is too unstable to invest in right now unless it is a screaming deal. 

My thought is if we all judge a good deal based on buying property for buy and hold be it multi sfr commercial what have you   on 2009 to 2011 prices.. we may never see those screaming once in a life time deals again. and those are not reality.. just like when prices bubble to the top that's not reality...