Freddie accepts this.Couple of options from here: If you did not set up notes receivable, recognize that you may owe it to your seller and take the hit on a higher rate refi to help him.

In option 2, your costs are $25k higher.

You’ll learn the ropes on how to be a landlord with a lower risk/higher quality tenant-base. 

congrats on the first duplex. easiest will be house hack your next property. you can go higher in units up to 4 but just need to occupy the property. lets connect if you need guidance, i house hacked a few times

A property manager will take the workload off your shoulder but they likely won't get you a higher rent unless your listing is terrible.  

But higher tax rate in PG county. 

Credit Score: A credit score of 650 or higher is required.

This strategy can generate higher returns than traditional rentals, but it does come with increased management requirements and potentially more volatility.

My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.

Vacancy and maintenance factors should be higher than for Class A or B.