It flooded out the bottom floor to the point of needing flood cuts. 

(An exception is if you own 5% of the company you work for)Agree, this is a great summary post on REPS with core concepts on how to qualify. .I think the complexity comes in when people have edge cases - it becomes difficult to write a simple short post that educates everyone.

That doesn't cut it for me.

Once you step up to 5+ leverage gets cut and rates go up.Do some googling and calling. 

@Kamryn DeVaultTo invest in a duplex, consider factors like neighborhood quality, economic stability, safety, property condition, cash flow potential, financing options, tenant screening, lease agreements, future potential, legal and zoning considerations, maintenance and management, networking, and starting small and scaling.

I would cut my loses (and potential future loses) and sell.

See if you can get a copy of The Millionnaire Real Estate Investor by Keller.The Slight Edge and Atomic Habits too.Awesome board with many smart people having own suggestions and ideas to grow wealth!!

A lot of people we first speak with favor the idea of a 15 year because they pay less interest over the life of the loan, and it of course cuts the term in half. 

-> We reject 95% of the deals we analyze -> Most don't meet our strict criteria-> for safety and returns.If you've been considering diversifying into real estate but aren't sure where to start, let's connect.

The LTV is cut at 70-65%.