There is a 6 plex for sell in my area, but they are all one bed room, one bath.

And besides the less popular option of death there are a couple ways to eliminate at least some of that gain that goes forward in the 1031.1.

Location: Portland, MaineDuplex with 6 beds 2 baths (3 each)Purchase date: 05/01/2015Purchase price: $265,000Reno costs: $35k% Down: %10Morgage Balance: $216,988Morgage Rate: 3.65%Monthly payment (P&I,T,I): $1,556Rental income from first floor: $1,950 utilities included except for electric and internetMonthly expenses est.: $500Estimated rent for 2nd floor (owners unit): $1950 Total estimated rent: $3,900 monthly Total estimated expenses: $500 monthly I currently have a $107,000 HELOC on this property The property appraised by the bank at $383,000 for the HELOC.

@Joshua Mellor It is in Laurel, MT (right outside Billings, MT). 3 bed, 1 ba, 940 sq ft. 

Here is info:VT multi family 4 units all 1 bed/bath2 units with oil include heat in rent at $800 for one and $825 for other2 units with propane tenants pay heat at $650 eachTenants pay electric, cable, garbage etc.Income is $2925Expenses are:Tax - 303Ins - 200Utilities - 427Vac - 234Repair-146CapEx -292PM-292Mort-490Total - $2384Cash Flow- $541541*12=$649220%= 26600Closing = 8100Inspect = 500Total 35,200(6492/35200)*100= 18%Looks awesome!

Would be looking at probably just 1 bed 1 bath condos on the beach for no more than 220K.I'm a newbie to real estate and finance, I'm a a Registered Nurse by trade, so I appreciate yall's advice on where to start, how to go about financing this deal and if it would be the right decision for what we're wanting.

I started analyzing properties on MLS and came across a double in a good neighborhood in our area that was listed at 370k (the New Orleans area is expensive in good areas).  3 bed 2.5 bath both sides and approx. 3500 sq. ft. total. 

Purchase price: $29,000 Cash invested: $25,000 3 bed 1.5 bath house in Bolles Harbor, walking distance to beach and marina.

Perhaps a Murphy bed if you like the look. 

I may never put anything but groceries in the bed of my fancy new truck.