I own a couple duplexes here in my hometown

Currently have a small rental sfh on a lot that can clearly build at least a 4 unit on it.

Purchase price: $161,000 Renovating now What made you interested in investing in this type of deal?

Now that I have answered your question, I'd like to share my questions and possible concerns. 

Now that's a way to go.

I currently have a single family property averaging $330 a month in cash flow which is going into a basic checking account seperate from personal.

Me and a few folks I met at a mastermind group all went in on a joint account a few years back so we could save money. 

She is now in arrears 3 months and has agreed to deed the land back to me and take a Promissory Note for the balance 30K. 

Hey Jeff without knowing any details everything is what you are able negotiate. but you have to take in account the years interest rate and purchase price and what kind of cash flow.I will say get a mentor if you’re inexperienced these kind of deals can go left if you really have little knowledge when it comes to structure .

Or you could pay cash now and refi later.