The distressed market continued to shrivel and the market overall continued to rise seemingly indefinitely, and a lot of bad fundamentals were covered up.

Mayor Garcetti just signed an extension of the order on January 14, so things here seem to be indefinitely in a state of "emergency".https://www.lamayor.org/COVID1...

15% plus a first month's rent fair indefinitely?

The goal was to leverage purchasing an owner-occupied property to take advantage of the lower down payment and lower interest rate and then to hold it indefinitely.

Still, there are a lot of people hanging on to the hope that it will save them.Now that you have decided to raid your 401k so that you can build wealth and defer income taxes indefinitely through real estate, you must tread carefully. 

I was less concerned about liabilities as a lease holder then letting someone expect they can stay indefinitely as long as they pay rent because they are a co-tenant.  

I've owned my duplex for roughly 5 years, I am looking at renovating one of the bathrooms and front entrance to building for sure since they are in definite need of repair.

This would be fine if I intended to live in the unit indefinitely, but is not preferable since this is a condo I intend to rent out and eventually sell.

Pay off the original $600k mortgage and pocket the difference of $225,000 -- leaving you with $75,000 tied up in the property.Here's the kicker: you now own the property and will collect the ~$20,000 in cash flow per year indefinitely.

Will you be renting it out indefinitely, or do you plan on eventually selling it?