Seems like it could be something to do that could make the cashflow work more.Reason I ask is as I put proformas to see if buying a rental is better than investing in the market if I had the same cash available to start and additional cash flow each month (or negative)Thanks

The second floor has 3 bedrooms and 1 bath.My plan would be to convert the garage and living area on the ground floor into additional bedrooms to make 6 rentable rooms ($6k per month total revenue) with shared kitchen.

I strongly favor regular price reductions until leased out.Most people make the mistake of letting it sit too long when simple math points to that fact that 2 additional weeks of vacancy at $1000 per month equals $500.

Most of the investors I work with are pulling every bit of capital they can out of their current portfolio and purchasing additional properties. $800k can go a very very long way, depending on what you want to do with it and what market you are working in.

The interest payments will be additional deductions/expenses. 

just some things to think about.in addition to the BP family of podcasts, the rental income podcast with Dan Lane is a great podcast and he interviews a lot of medium size landlords who aren't flashy but really know what they're doing.

Quote from @Adrian Williams: First, I never offer rent reductions as compensation for anything.

In addition to furnishings, t will need work (such as new countertops) to meet my vision for upscale couples retreat.

Many lenders will charge additional rate increase if loan is under $150K.

Oh, and if you're living in the duplex yourself there are additional considerations like 121 exclusion and home-office expenses and depreciation.