At the very least, it might be worth exploring partnerships that align with your goals.

County has assessed for 200k but is worth more due to the area they are building homes left and right on that road and they are selling 300k+ and up.

Not a bad idea but if the deal goes bad just remember you are taking money from your primary residence. 

Just remember that wholesaling is much tougher than all the gurus make it seem to be, but not impossible at all if you create the right systems and understand, when you are new, that you are solving problems, not throwing cash.

I also kept my first home and it is paid off now and worth approximately $150k, with current renters. 

I inherited 5.6% of a commercial property that is worth approximately $27m with $11m remaining on a loan.

Have to agree with most here in that a SF-> duplex conversion needs some really specific qualities to be worth the squeeze.

If it was in service for 10 years, it would be $100k worth of depreciation taken.

Some thoughts that go through my head......Who do you contact to get current values, after renovation values to see if this process is even worth it? 

Remember there are 4 ways you are getting ahead by owning a small multifamily property (houeshacking initially).1.