and these places are not luxury apartments but more older half of duplexes. 

I was just looking to see if anyone has done such deals before.further context: its a one-story (4k sqft on 15k sqft lot with permission for duplex).

Please keep us posted on how it works out when all is wrapped up with the tenant.We recently were looking at a duplex that we wanted to buy, but the current tenants (in both units) had pit bulls.

If I waited longer and was able to pull more equity then I could possibly buy a multi family property like a duplex or triplex.

After buying this house, I partnered with others to invest in a duplex in the Wichita area.At the moment, I’m living in Tennessee, and I’m weighing two options: either selling my house and using the proceeds to buy a duplex in Overland Park or Wichita with my partners, or keeping the house for another 3 years, transferring it to our LLC, and renting out the entire property to maximize its rental potential ( $1400-$1600 ) I currently owe $200k on the property with a 6.5% interest rate, and my monthly payment is between ($1,700-$1800).

Let’s be honest, I’ve watched folks who jump into this game as if playing roulette.. firing off offers on duplexes in Phoenix or leaning on some “sure-thing” house hack in Austin without ever sketching out their plan.

A huge number of properties we have looked at would have issues on this front.It can lead to an opportunity to improve the value of a property if you can buy it with an illegal area, get that area legalised and then sell on with a higher value that the bank would lend against, but it's not clear cut and it seems though that there are almost two levels of 'legalisation' - we were able to register all of the annex on the plans and could fully incorporate a portion of it but there is another portion that is too close to the back boundary wall that should only be used for things like storage and not ever for habitation. 2) During the purchase process be careful, amongst other issues with this property we had the situation where the seller's lawyer was not actually a lawyer (having been struck off).

However, the ultimate goal is to transition fully into real estate investing.Turnkey rentals—ranging from duplexes to quadplexes—seem like viable options for us in certain markets, given the liquidity I have available.

I recently purchased a duplex for $450,000 with 20% down.

., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.