There are many duplexes and multi-family existing housing available to choose from. 

So just curious if my number formula is correct $15k down plus $15k Reno = $30k rental income/year  $14500 vacancy rate 2% operating expensive 35% ( to cover condo fees maintenance insurance ect) $5500 a year mortgage so roughly a 12.25% cash on cash return ? 

Having bought 15+ houses and condos and toured many dozens more, this always seemed like a waste of the agent’s time, with only an arguable security benefit to sellers.

We have been investing in the Pittsburgh market for the past couple of years and have 2 duplexes and are closing on a triplex in about a month.

Right now the market isn’t that great but I could see us looking to purchase a multifamily duplex however, in the current market, I’m finding it difficult to be able to have one tenant cover the cost for that property to break even.

Given the general importance placed on cash flow, is my line of thinking incorrect and therefore should buy something cheaper or look more into duplex etc?

I've recently took a leap and purchased a condo in Glen Burnie, MD off of auction.com.

Relationships often lead to off-market deals and valuable partnerships.Consider targeting up-and-coming neighborhoods or distressed properties in areas seeing new development or infrastructure improvements.If you’re exploring commercial, maybe start with small multifamily units (like duplexes or fourplexes) before diving into larger complexes.I’d love to connect and possibly collaborate.

Here's the sitch:I purchased a duplex in LA in 2020 with a sub-3% interest rate.

For example, I have a newer duplex I am selling for $435,000.