Hey All, I’ve found an off market duplex in need of some repair (estimate unknown as I haven’t been inside yet).

From there it's up to you on selling. 8 years you should be not breaking even unless this place is in a rough area or needed a ton for repairs over the years.

I used 401k loan to get money for down payment and repairs.

If the property does not require an extensive rehab and just needs cosmetic repairs then a standard landlord dwelling policy in most cases depending on the carrier.

They offer a $10K repair fund to fix damages in addition to SD plus warranty for appliance repair etc.I have no say in whom they choose to move in, whether there are animals, limit on # of occupants etc. they reserve right to inspect property so i have no idea if they can tell me to remodel, paint etc.does this make sense i have a vacancy coming up in October (bad rental timing).

You need to be pre-approved for the mortgage you're going to take out before taking out the HML and buying the property.And, if / when you refinance out, you still need cash for capex and repairs - something major might happen while you're in the process of renting out the property.  

Once you’ve got a little experience under your belt then you can attempt buildings that need more renovations/repairs or have had management issues.

A more realistic expectation is 24 hours which will ensure we can arrange any repairs or corrections with a team, handle it in person, etc. be curious how this plays out as I worked for local developer for a while and developed several properties in Alexandria (Specifically old town) and while the city is challenging like any city - they were mostly realistic.

Even with the mortgage paid off, some of the $2000 in rent will go to maintenance, repairs and property taxes.

I was thinking - go ahead and sue, when discovery comes into play and they have to testify under oath (for example were they raising money properly and how were they managing money) - many will not want to answer that question while on the stand.