If a MFR produces 10k of operating income and is valued at a 10% CAP rate, the value is $100k.Assuming the CAP rate holds relatively constant, the value won't increase until the cash flow increases. 

I'm looking for a multi family,  cash flow producing property.

I know typically a duplex is more expensive then single family homes.My question is, is it easier to get conventional financing for that types of properties because of it's potential to produce cash flow,or at last reduce what I'm paying for the expenses out of my own pocket.?

I have a legal service that generates leases but I found that the document it produces is pretty poor. 

Want to start small with some income producing homes and eventually grow into large multifamily.  

File a formal claim,  Then have your insurance company produce to you the section of your policy that excludes damages preexisting prior to acquisition.

Definitely recommend getting some wallet cards made up -- these are smaller than business cards and can fit in wallet slots.

So you guys are saying I can just forget 90%+ of the course material after I take the license exam and I can still be a top-notch/producing real estate agent since I don't need 90% of the material to serve my clients? 

Over time, as the property value after rehab seasons, you pay down the note a bit, and receive additional cash flow, re-configuring the financing on the property might produce more bang for the buck. 

If someone was thinking about buying a second home and keeping the first (living in one and both producing rental income), as a way to invest so there's money in the future for retirement, is it better to do a home equity loan, HELOC, or cash-out refi?