I've found an off-market property that would require $175k purchase, $35k down, $20k in repairs, with a conservative ARV of $235k. 

Our occupancy during our off season is near zero.

Only thing I'd add is consider off-market as well.

Instead, shut off the water to the toilet and place a sign on the door "Art exhibit: Non-functioning bathroom."

If you seem like you are just gathering information to self-manage than they will likely blow you off.

@Cole Starin sometimes it makes sense to sell the WORST property in your portfolio.Another option is why do a LOC on the duplex, when you could just do a $100k cashout refi to pay off all your debt AND keep the property?

Off Market, and KREIA are just a few places to look. 

@Juan PerezCongratulations on paying off your first home and transitioning it into an investment property!

With everything paid off, they’re looking to slow down but are hesitant to sell due to capital gains considerations.Purchase Price: $1,750,000.00Downpayment: $400,000.00 - Will do a 1031 - Selling two of my SF properties for the downpayment (bought for 120k + 146k back in 2017 & 2015). 

It's properly leveraging (not over leveraging) the asset that pays off.