Additionally, you might want to consider an FHA loan for the duplex if you plan to live in one unit, as it requires a lower down payment and could still allow for a good return on investment.

Also, the ability to export reports for partners or lenders would be a plus.Essential Data/Analytics: Reliable rent estimates, cap rates, cash-on-cash return, operating expenses (especially maintenance and CapEx), and local market trends like population growth or job market health are key for decision-making

Paying down is definitely a strategic move, it's a guaranteed rate of return. 

Specifically, I’m drawn to distressed properties, such as pre-foreclosures and foreclosures, because of their potential for strong returns and lower acquisition costs which I feel is a great combination for a new investor with my budget.That said, entering the U.S. market as a Canadian comes with its own set of challenges, and I want to make sure I’m approaching this the right way.

MULTI FAMILY HAVE HIGHER ROI AND CASH ON CASH RETURNS.

So, don't get frustrated if they don't return your call or aren't in the office.

Also, it helps if the deal has good returns, which might be questionable at this point, although I know nothing about the market or the property you are investing in.Bottom line is that if the deal works, I would recommend that you go in with a partner or under someone that has experience doing larger deals and potentially syndications.  

I've been able to contribute to some amazing returns here in the Orlando market.

I would look for a custodian who does not charge a fee based on your assets.I normally see the costs being A one time set-up fee along with an annual reoccuring fee.The thing you want when opening up an SDIRA is that the return that you will make with alternative investments will be greater than the fee that is charged to you for the SDIRA plus the return you would have likely gotten with a regular IRA.

If want outsized returns look for cities with areas that are gentrifying as this is where you can get above market rent growth and appreciation.