The issue I could see with this is they have a 6 mo lease and we didn't state in the lease that their primary heat/ac controls are with the mini split and it does a good job of heating upstairs but the downstairs still gets heat/ac from the other unit.

My primary objective is to buy something within a few hours of residency.

Hi there,Considering a duplex as your primary home and renting out the other unit is a great idea, but you need to understand how interest rates work in this scenario.When you buy a duplex and plan to live in one unit, you can still qualify for a residential mortgage, which typically has better interest rates compared to commercial loans.

It's supposed to be our primary residence so we are running out of time to move in since we should move in by Nov 1st.I was thinking about changing just the basement plumbing to copper and waiting till I renovate the rest of the units to change their piping as well.

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

I am currently under contract to purchase a new primary home for myself.

So, if interest rates are a buyer’s primary roadblock, then I recommend negotiating a rate buydown at a seller’s expense or looking at new construction, where builders are offering rate reductions and other substantial incentives.What if I’m a seller?

Hi Anderson,Real estate investing is indeed a powerful way to build lasting wealth due to several key factors.Firstly, steady cash flow is one of the primary benefits.

Then when you finish repairs, depending on the time frame you would have lived there as a primary residence at which point move back with parents and rent that unit for even more because you just rehabbed it. 

My primary residence has about $700K in equity and my IRAs are solid, but they don’t look at those.