Just used my heloc from primary 100k to purchase c class 3/1.

The duplexes will be in B-class mix of blue-collar and white-collar neighborhoods with good rental demand and during times of a recession they should hopefully hold their rental price & demand.How does the plan sound?

And good luck if you're in the same boat as me!

The short version is do lots of research and buy Class A or B (you won't cash flow at 7% rates on LTR, unless you do MTR, STR or some creative strategy).

I believe you misunderstood your lender or they need to take some continuing education classes.

I'm in a similar boat.

In our opinion, 523 is a Class D Tenant Score. 

I’m on the same boat.

The prices are more closely tied to the income they generate vs what the people next door paid for their house.As for your long term goals, I am not sure starting with a duplex or four plex will open the door for owning in that asset class (larger multifamily) the way you might think it would.

What if.....Question is what is your money doing for oyu right now and do you feel you can make more in real estate than another asset class - that is the question you should be asking yourself not what is going to be this or that as its impossible to time the market.