This would let you rent out the house for the next 3 years if you wanted and still get to take the gain.  

I have a contract on a house in Phoenix AZ with a value of $500,000 and a mortgage of $288,000 to be taken subto.

congrats on the first duplex. easiest will be house hack your next property. you can go higher in units up to 4 but just need to occupy the property. lets connect if you need guidance, i house hacked a few times

This comes from a 2017 City document, but it seems to be current.http://www2.oaklandnet.com/oakca1/groups/ceda/documents/report/oak050966.pdfA real pity, with the severe lack of housing in Oakland. 

You can usually request this from a title company or look into public records in your county’s clerk or recorder’s office.If you’re not sure how to navigate this, contacting the auction house or a real estate attorney familiar with foreclosure auctions can help ensure there aren’t surprises.

House Hacking has been something that has caught my eye in the last year.

@Kayla Elliott  Hi Kayla - this was a commercial mortgage loan with a local bank, that held it "in house" after it was issued. 

I'm asking because last year I bought an inventory home in Cypress TX that had a $10k discount, however the appraised value of the house came out to be the same as the discounted price :)  

Context, i bought a house at a foreclosure auction.

Leverage Local ResourcesEconomic Development Grants: Check with your city or county for grants or incentives aimed at affordable housing or community improvement projects.Local Banks or Credit Unions: They may be more flexible than larger financial institutions, especially if your project aligns with community needs.Partnership with Nonprofits: Collaborate with organizations interested in affordable housing or sustainable living.4.