Unless you find some more fees to reduce that to $370 you will be exposed to tax on the $10k difference so just a couple thousand there.The extra $30k of depreciation will get rationed out based on the purchase prices of your two properties.

So I've been wanting too go out a network with investors and loaners/lenders but I don't know if their is any events that is real estate and commercial real estate investing based events in DC, does anyone know any events in the DMV that is good too join?

You want to figure out how much you’r truly making on that $350k give or take in equity.

If you cash out equity in a property, you are "borrowing" that money from the lender.

Right now, I’m looking to buy my first duplex, live in one unit, and rent out the other to offset my mortgage.

Also, due to increased liability exposure property insurance premiums is adversely impacted causing fewer and fewer building owners to seek out ATM tenants.

More and more I see buyers look online, drive out to the house, and then while sitting in front of the house, CALL. 

From what I've read so far on these forums, don't start out investing in C- or lower blocks. 

It's pretty accurate with such calculations, and will immediately point out if you're missing any datapoints.

As others have pointed out, be careful in schemes that appear purely to avoid tax.