Much better as a short term acquisition strategy for flips IMO but always a high-risk strategy that should not be practiced by anyone who doesn't have the liquid capital to pay off the loan if needed.

If you have a credit card with a high limit or a line of credit on the existing duplex that might give you some wiggle room.

I think you can go as high as 15% but it's cutting into your margins and depends if you are a GC yourself or not. 150k is close to a million or more.

That’s one of the highest growth forecasts in the country while still maintaining strong rent-to-price ratios.Memphis also has a resilient economy, driven by logistics (FedEx), healthcare, and a high percentage of renters.

Those remote flips and high cash flow rentals are so tempting on paper, but they rarely go well in reality. 

., Richmond, and Detroit led rent increases, while Austin and Raleigh saw year-over-year declines due to high supply.

If you meet that requirement, I highly recommend it. 

Underwriting is highly overrated by new investors.

I highly recommend LIA (Landinvestor.co).

You avoid the tax hit, and still get the use of 75% of the equity if you do a cash out refi - (but high interest rates sort of play against that to some degree presently… but you could alway refi again down the line if rates dropped.