And you're right, with our low default rate and the lower price point on 2nds, buying them back is certainly an expense but not a major one.

- You can find this out by going to Zillow, selecting your Zip code or Neighborhood, and looking at current rental listings.

Don't aim so low.

I don't go above 70% generally and prefer mid or low 60s. 

You'll most likely find your staffing costs to be in the neighborhood of $1,200 to $1,900 per unit per year, depending on property size, class, and market. 

It was listed on Zillow for $110k and we made a low ball offer at $90k, ended up getting under contract for $95k.

If you are not in a good neighborhood, you will not be attracting great tenants and sharing a duplex with someone can be a highly stressful and unpleasant experience, especially if the structure is not truly conducive to being a duplex.

Pick a 10 block neighborhood.  

Quote from @Andrea Ward: I recently purchased a small tract of undeveloped, heavily wooded land in North Mississippi in a neighborhood.

It’s a win-win: investors get the capital they need to grow their portfolios, and lenders earn competitive returns with a relatively low-risk investment.It’s worth considering if you're looking for more funding options or better returns!