That will enable us to almost double the purchase price of what our duplexes ran if we find something in that range. 

This loan is for individuals with lower income, helping people to become home owners by enabling lower down payments.

That coupled with less reduction in cash flow makes it easier to weather the storm.Some of the new technologies enable a major reductions in expenses e.g. submetering, and enable some pretty interesting valuation increases very quickly.

I just purchased an out of state rental this month and want to extract the down payment from this investment condo.I'll put it on market in March 2017 and do a 1031 exchange with 2 out of state properties.  

Technology advancements such as email, phone calls, skype has enabled communication with a remote CPA to be seamless.

However if I do a BRRRR I can achieve infinite return by extracting all of my investment.

and documented income, both of which would enable you to get a bank loan (using the equity in your house for a down payment and a bank loan for the other costs), whether it is a construction loan or a mortgage.  

Our Detroit portfolio fit the following guidelines for us: Invest where we possess competitive advantages:Our competitive advantage is our knowledge of the local market, operating systems, and boots on the ground, which enable us to operate effectively and profitably in a management intensive environment like Detroit.Acquire assets on a value basis with a goal of maximizing return on capital.Price is what you pay, value is what you get.

That is why I am considering different routes, and see if I can extract more value from this cash now. 

If so, sometimes condos can be challenging as investor owners often don't want to do upgrades and updates, many just want to run the property into the ground and extract as much cash as they can get today, without thought to the future.