Because of the frustration, when asked to purchase the large lot in front of their house which leads to the main road, they turned it down.

Owning a duplex at 20 is a huge accomplishment, and it’s inspiring to see you’re already planning your next move.From my perspective, real estate investing is a long-term game focused on building equity, paying down debt, and maintaining stability over chasing short-term cash flow.

Don’t overlook the 10% down second home occupancy loan for financing a property like this.  

I am leaning toward removal because the floor is run down, the risk of increased pests or feral cats, and there is already a storage closet off the patio.

To fund your next deal, explore conventional loans (15-25% down), FHA loans (3.5% down for house hacking), DSCR loans (based on rental income), or HELOC/cash-out refinance if you have equity.

Which means that they pay you a down payment and you finance the properties to them.

Your seller can complain years down the road that he was "tricked" and you will be thrown into a lawsuit and investigation.

CO states single dwelling (converting to a 2fam will cost upward of $100k- not an option).If I hold out- the property will have net profit of $600- possibly more if I refi again to bring my rate down. 

@Felicia Vinces it sounds like you missed our Year End Live show and Podcast of "Real Estate Notes Show' where 2 15 year experience note investors break down what makes a note valuable.  

House hacking is an excellent strategy, especially with the potential to use an FHA loan to secure a property with a low down payment.