They handle:Monthly Payment ProcessingEscrow for Taxes and Insurance: They ensure property taxes and insurance are paid, which is essential to protect your interest in the property.Record Keeping: They also maintain records, which can be invaluable if any issues arise during the term of the loan.ConclusionGiven the details of your property and the $200,000 sales price, a possible scenario could look like this:Down Payment: 10% ($20,000)Loan Amount: $180,000Interest Rate: 8%Amortization: 30 yearsMonthly Payment: Approximately $1,320 (principal and interest)Balloon Payment: Due in 5 or 7 years (this allows for refinancing or payoff while giving you some flexibility).These terms are flexible and can be adjusted based on the buyer’s credit, down payment size, and negotiation.

Depending on what you find available and how many possessions you have but it’s likely possible to find a decent sized duplex to purchase.

There's a very good chance the issue(s) you face have already been discussed and answered.Go to BUILD YOUR TEAM at the top of your screen, and you can search for other MEMBERS or LOCAL MEETUPS.

I want to provide access through the common wall of the two units of a duplex. nothing fancy, sort of a "doorway" without a door, same size of a door.

-Depending on the size of the deal, I may be able to set you up with the deal/loan-even if you do not have experience.

, we rarely need to evict, and one of the reasons for that (other than a consistent 21-point tenant screening process) is that once the tenant recognizes that you are serious and have a consistent process in place they respond in one way or another.One more thing - I suggest you don't accept partial payments, as this can delay the process as well.Feel free to reach out if you have additional questions or if I can assist in any way!

I also believe that your Lot area has to be a minimum size in order for it to be considered "by right"I remember that some of the reasons why I didn't convert duplex to triplex:1.

Need to screen contractors better.

People paid alot for parcels that couldn't be developed without a variance for minimum lot sizes or otherwise worthless. 

New Mexico has an unfortunate law against prepayment penalties for DSCR Loans on 2-4 unit multi that requires higher rates, but they don't apply to 5+ and I've seen some people have success with that size range in NM