Plus, as you mentioned, you could always tap into the equity later on to continue expanding.At the end of the day, it’s about what fits best with your goals.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

At least I got good appreciation from those properties.These days, many state governments are trying to force more landlords to accept Section 8. one of my clients in the deep south was mentioning in her section 8 portfolios she manages for investors.

.- You mentioned this sale is tax free 121 exclusion, which is great, and seems like a solid start to your goal.- The townhouse you're moving into is currently a rental, but you plan to live there two years for the 121 exclusion.

I would start (as mentioned above) by confirming with the city. 

@Kristin MathernI would pay it given no keys were provided, it wasn’t specifically addressed/mentioned in your lease, you were provided the opportunity to address/fix yourself with a 25-30 dollar replacement from Lowe’s/Home Depot, and lastly, it was an existing situation that could have been avoided/prevented at move in.

-John You forgot to mention lender/investor.

One who is active still and recently did a case study write up like this is Don Konipol, the other pops on every now and again and did a BP episode many years ago Aaron Mazzrillo so search those two names and read some threads.A more likely scenario is not what you mentioned as the ever growing note/value deal, at least not as outlined.

When it comes to down payments for duplexes, As others have mentioned, with a DSCR loan, 20% is a common minimum for duplexes, and 25% is typical for tri/quadplexes. having bigger dp can get you better terms. 

Call 3 references:  Verify that they work there, or that it is an actual person by asking where they work first, and don't mention who you are until after.