I'm assuming by adding 2 en suites your referencing adding two full bathrooms, rather than one larger master bathroom?  

So, that would allow you to buy 200-250k. of course, it is hard to find cash flowing properties with 15% down, but most assume you have to put down at least 20% which is not the case.  

Assuming you used financing, i'm assuming it appraised? 

Lenders will base their max LTV on the appraised value assuming positive DSCR.  

In Carson City, $1.2M for an 8-plex (assuming $1,200-$1,500/unit rents) works out to a 7-8% cap—solid for NV, where turnkey multis are gold.

My friend is selling his house and is open to an assumable mortgage.

Im assuming youre asking about the line of credit?

I assume that's the same for a duplex? 

Assuming that's the case, what's your occupancy rate? 

Assuming I also use the Airstream for lodging while traveling for personal reasons, would I just take a pro-rated amount of depreciation for the amount of use that is business vs. personal?