I think it's very dependent on the property and market. 

I searched through google and I guess I just want to ensure that I am on the right track. 

. $40k a year for not doing much is a great investment on $40k unless you are putting in a ton of work into the property.Who operates the property?

If the only MFH options you're finding are in areas you're not comfortable with, it might be worth focusing on a duplex in a better neighborhood.Saving up for a larger property later is a valid approach too, but keep in mind that real estate tends to appreciate over time, and waiting might make it harder to enter the market later.

I’m happy to share what’s worked for me.Best,Travis Hi Travis, as far as the “hands-on” tasks , can a property manager handle this ?

There's also a lot of mid-term demand in this area from people moving down and waiting on their home to be finished.

I currrntly own a home and am renting it out, I am working on purchasing a duplex.

We plan to keep them on a month to month lease but after a few months, have them sign a year lease and increase rent, however, we need help finding a GOOD app/website to get lease agreements/documents from or get a template so we can fill/add certain things we want.

If you are analyzing 100 deals, use that to take those numbers down to 25-30 days that could really be deals then go deeper with GCs to get you full details on what you would be paying on rehab and good comps.

Financing depends on your scenario and what type of property you're purchasing.