Even though interest rates are high, we have a big Mircron plant coming here as part of the CHIPS act so that could boost housing demand in the coming years.I don't know the SYR market, but I did a quick search for duplexes somewhat outside of the city, and found this: https://www.realtor.com/realestateandhomes-detail/7300-Lakes....

@Travis Boyd The quality of the neighborhood will affect the cap rate to be used.

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

For high interest mortgages, usually break even or negative.  

If you follow my advice above you will likely buy quality by default.

https://www.biggerpockets.com/forums/12/topics/1122318-quality-turnkey-companies?

The two are almost entirely different markets in terms of price points, returns, tenant quality, and overall investing strategy.

The profit was used to buy a higher quality SFH in the same area.

What doesn’t work today may work in the future.Another challenge with the traditional BRRRR model is the resulting high debt load often isn’t fully covered by rental income, especially in today’s high-rate environment.

It will be an STR with no personal use  Background: high income W2 job, no primary home (ADU on family's land property, happy twith this) so can't get umbrella policy with most insurers as they want auto and homeowners for primary home before offering umbrella  Quotes from foremost and proper.