In my personal experiences a lot of structural items start with bad drainage.

@Grant ShipmanIn my experience with these units are very difficult to manage and people at the 30% level also create a new set of problems.

If you have any specific questions feel free to reach out I am always happy to help other BP members.

Minimum $250K loan amount to $2M. 25% down with 720 and above middle mortgage FICO score up to $1.5M. investors need to have experience. 

When you live in that duplex for 2 years and then sell you'll be able to take 50% of the profit tax free (the allocation for the side you lived in). 

@Stephen FlemingFrom my experience working with over 400 investors, your strategy of leveraging a low mortgage rate, tapping into home equity, and diversifying with a short-term rental (STR) in Northern Michigan is well thought out.

At this time the primary goal is passive income and then scale within 5 years as I gain more experience and network. 

So overall experience of your QI to work in a number of markets and locations is really the key. 

Or providing substantial services in conjunction with rental activities can subject to SE tax (hotel like services...room service, daily cleaning, meals, free shuttles etc).Being a REP just defaults the classification of the rentals from passive to non-passive. 

If your time is worth $500 an hour I would spend the 5k on 10 hours of searching for a free mentor.