Qualifications are capable and responsible workers who can work on a budget in a timely fashion. 

Now is the perfect time for him to dump it because the seasons have changed and everything looks ok on the surface

Our only problem is pulling conventional loans via our business, as it doesn't provide income in an orderly fashion like banks and standard lenders prefer.

The purchase price of duplexes and quadplexes seem good on the surface but once I enter them in the calculator it’s non favorable.

, find out about BP, become obsessed and listen to podcasts during all free times, read books/blogs/articles, latch onto different strategies and come up with plans to execute and do nothing (repeat 5x), realize you can't "boil the ocean", and then take a step back, break down the to do list in an executable fashion and move forward.

but on the surface it looks like you might be over leveraging yourself especially if you grab another 70K in debt to finance the down payment on a new home. 

Fayetteville from surface level is an excellent rental market. 

@Justin LeffewI think you are just scratching the surface.

BUT we sold the place to an investor friend who did the repairs & the tenants still there paying on-time (we hold the note & she direct deposits) but dog is long gone.I avoid any flooring below 12mm but negligent surface damage is going to happen regardless of the product.

You don't know the red flags to warn you of pending problems and you don't know how to deal with the problems when they surface.