Dan, Steve, click on each other and the others profile will come up.

I myself am in a similar position looking to acquire a secondary home in the Banner Elk and would plan on using as a STR and would love any input on your findings!!

Quote from @Abby Chapman: Hi- does anyone know of a bank/lender licensed in Ohio that would allow for a 2nd home loan (10%) on a duplex?

I've found conflicting information online.

I would strongly recommend not handling it on your own.

The rate and terms on the 2nd lien position if you can find one may also not make it worth the cash out.

Since you’re new, consider financing options like conventional loans (5-20% down), FHA loans (3.5% down for house hacking), or DSCR loans based on rental income.

IF you're not on an HOA maybe try co-living. 

Reading Vanessa Peters book “the busy professionals guide to passive real estate investing” and in it she has a chart showing initial investment of 100k, 8% preferred return, 20% cash on cash return including sale of property, and 5 year hold.Each year she shows $8k return (years 1-4) then a $168k return in year 5 including the return of equity.

We don't plan on growing our portfolio anymore.