Secure liability insurance to protect against lawsuits or property-related claims.

Some lenders offer creative solutions, like a cross-collateralized loan, where they use your existing equity as security without refinancing the duplex.Another idea is partnering with private lenders or exploring a second-position mortgage, depending on your lender's terms.

Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).

The buyer may pay off the remaining balance at any time without penalty.2.Late Payment Penalty: A late payment fee of 5% of the overdue amount will apply if payments are more than 10 days late.3.Loan Security: The property will serve as collateral for the seller-financed loan.Hey @C.S.

., $300 for paint and supplies) and add a fair hourly rate for labor.

We were not able to recover any yard damages due to other damages they had left that needed repair, which empted out their security deposit.

But the bank still treats it as a secured debt.

How could I best secure financing for the renos to get each unit up and income producing?

Personally I would pass but if you go forward I would do a lot of research on the group you are renting to and get a very large security deposit to cover damage. 

I've managed to secure the loan for the new house without having to sell the old house first.