I put a post on the Classifieds looking for wholesalers in my area as 99.9% of properties on the MLS are priced to high and the ones that are affordable have intense competition.

I could have clarified that I was considering the risk adjusted return before comparing it to the S&P.

It is very common to see a portfolio loan with a higher rate, a shorter term, and maybe even be an adjustable rate – and sometimes all 3 of those.

There are many more of this type of property in Durham as older homes with basements are still price accessible.To make it a "legal" or permitted duplex, the process is definitely cost and permit intensive, and in most cases may require you to use a GC or similarly licensed tradesman for parts of the project.

They would adjust the ALTA so your commission appears as a credit on your side as the buyer.If part of your commission goes to your brokerage, you can let them know your split, and they should be able to send a check directly to the brokerage for their portion.

There will be an 'adjustment' at the state level if the state does not recognize bonus depreciation / section 179 expense.Best of luck.

Prior,  it was in inflation adjusted bonds.  

Also features that are desirable in duplex would be a separate heating system which allows the duplex part to adjust its heating and air conditioning to whatever the renter wants.

The strategy has to be adjusted for your own particular circumstance and interest rates relative to rent are a big factor.

Not to mention that this is typically more time intensive and is more closely related to having a second job, than it is to investing.