If its your only option and you are currently renting or able to rent your primary residence then absolutely consider it.

Then we sub-metered the water and started to bill back residents Lessons learned?

Investment Info:Single-family residence buy & hold investment in Orlando.

I purchased a duplex for 80k and it’s worth about 140k, conventional loan, 25% down.We then got a HELOC on our residence for $68k.

I am about to move back home to Oregon, currently in iowa, I am going to be selling the rental house i have and going to rent my current residence.

As a part of our construction, we had several inspections and they signed off that we have complied with all laws required for single family residences  - the extra kitchen does not have an additional heating source (stove), all spaces are connected on the interior, and we have a single electric & water meter. 

Investment Info:Single-family residence other investment.

The original poster doesn't mention whether they have a primary residence with equity in it that could be used as a way for a down payment on a rental property.  

If you are trying to buy a residence that's a fixer upper so you can get started, you don't need to do anything but get your credit and finances in order, then they'll give you the loan.

Investment Info:Single-family residence buy & hold investment in Sharon.