Quote from @Alex Lee: I'm looking into buying a massive fixer upper in New Jersey.

I would be very weary about buying another property in today’s market unless you are extremely experienced or have done an extreme amount of research.

The good thing about the houseGood monthly cash flowGood interest rateIf its a headache property, I would sellIf it doesn't have much maintenance and you have good tenants, I would keep it.If you do decide to sell, you have about $200,000 of equity which you can buy 2-4 houses with when the market is more favorable.

I’m a prior realtor, with wholesaler experience and have done some buy and holds in residential properties.

There is enough posts on the form about the pros and cons of buying turnkey. 

Where are you looking to buy in those states?

Buy gallon freezer bags.  

Right now, I’m looking to buy my first duplex, live in one unit, and rent out the other to offset my mortgage.

Goal is long term rental buy and hold.

If you invest in a city with rapid and sustained appreciation, you can reinvest accumulated equity to buy additional properties using cash-out refinancing.