Translation : ONLY ,upper class(Rich) people ,should be investors Thats  sounds like B.

The estate of course can choose to allow lender to foreclose on property but if they bring it current and want to assume the loan, they typically have the right to assume the loan without material terms of the loan being altered.

(((Is it possible to alter the lease during time of renewals?))))))

Ive almost always come out minimum 20-30% ahead and have great experience hunting for leads and making the offers I need to even if they are low, so again it's exciting to hear that this should all translate. 

@Ryan Turian, best I can tell duplexes are very difficult to make work as pure investment properties for 3 main reasons:There are only 2 units over which to spread the fixed cost (costs the same to mow the lawn at a duplex as it does a 4-plex)Duplexes are the most desirable to owner-occupiers (non-investors) so they tend to go for higher per-unit prices, but that doesn't necessarily translate into higher rents.Zoning laws mean duplexes are more likely to be in more desirable neighborhoods, increasing sales price and making them less likely to cashflow.For the analysis I've done, duplexes just don't make sense as a pure investment unless you get a smoking deal on the purchase price.I think focusing on 3 or 4-plexes, combined with BRRRR is a better way to go.With regards to your questions about CapEx, etc.: Yes, analyze the deal just like you weren't going to live there and see how the numbers work.

We can do a new build in ten years when it makes more sense to go down that road and our needs (translation kids) will be more known.

Consequently, you could have to alter your rental strategy or get the "leftover" tenants.

If you choose to get a degree, make sure it's useful in a way that translates to direct income.

Also see page 2 of a version of the most widely used standard appraisal form: https://www.fanniemae.com/content/guide_form/1004.pdf which says: "This appraisal is made [check] “as is” [or] "subject to completion" per plans and specifications on the basis of a hypothetical condition that the improvements have been completed [or] subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed, [or] subject to the following required inspection based on the extraordinary assumption that the condition or deficiency does not require alteration or repair:..."

I have found that newbies overestimate online"interest" , maybe 10% of online interest translates into bodies at a rental open house in my area, we do rental open houses 2x a week.