I'd rather have investors be prepared for the worse case (long hold period), just in case we have to hold for that long to achieve returns. 

Challenges for investors in AstoriaAs seen in the analysis/spreadsheet, achieving positive cash flow on a duplex will take at least 4 years.

However, in both associations, if they provided incorrect information that you relied on the purchase the unit, I believe the statute should protect you.As far as the title insurer's denial, title insurance acts retrospectively, that is from the Date of Policy back in time and from the information you provided, as of today your title is as insured and there is no defect or cloud on your title. 

Looking forward to collaborating and achieving success together in this dynamic field!

Some alternatives that I have considered is purchasing a single-family home, living in it for a year as a primary and then moving and renting it out, or looking for a single-family home with a decent-sized basement and converting that into a unit. I

My first flip was a success, achieving a 14.5% return on invested capital.

Huge difference paying for furniture in cash $30-50k up front vs financing it over 30 yearsMy cash on cash ROI goals require me to outlay as little up front cash as possible and buying furnished homes facilitates achieving that high ROI

For simplicity’s sake, we’ll say it’s $4,000/month.3 of the units are rented out at $1,100/unit and the last unit is owner-occupied for 1 year, per VA loan requirements. 

However, the scenario you described could be achieved with most of the local HMLs here; I don't think you needed to pay 16% for that.

I'm seeking advice on how to achieve this goal and would appreciate any guidance on strategies I can implement to make this happen.Thank you in advance for your insights!