You want to have your financial house in order so you know what you CAN afford and what you SHOULD spend.

If you are open to non-traditional methods of financing, you could use a debt service loan to bypass that requirement.

You can bypass the longer seasoning requirement with a debt service loan. 

This rating will give you a sense of the carriers financial solvency.

For instance, if there was a total of $250K of debt on those properties that woud leave you with $350K of proceeds to use to purchase $600K of real estate.  

You hit the nail on the head...that's where the SFH to Duplex conversion gets financially unrealistic.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

@Cole Starin What type of take out financing did you line up to payoff the private money and get into long term perm debt? 

I'll let others chime in on their experiences, but from a motivational perspective, I think attending live events and getting the "conference high" is something that only happens through in-person connections and being in the same room with investors who are eagerly pursuing their real estate/financial goals. 

If it is a class C office building with 10% occupancy that is very different than a Class A MF which is still very different than a debt fund with zero leverage.As mentioned risk and return go together  - greater risk should have greater upside