Depending on the results,  I then decide to move forward with the property or look elsewhere. 

These loans typically require a 20% to 30% down payment depending on the scenario and DO NOT allow for owner occupancy since it’s a business purpose loan, so you’d have to rent out both units.

Sorry for the delay in seeing this - I need to get notifications turned on.Springfield has a variety of areas for investing depending on your goals.

: Depends on how you will qualify for the loan.

Hard or private money would both suit your needs, depending on how many funds you have to contribute.

Whether services are included in the rent or left to the tenant is a matter that depends on your preferences and the terms of the agreement.

Depending on the amount of equity you have along with the cash flow that is existing right now, perhaps looking to do a cash out refi to capture some of that equity, keep your property and tenants in place?

Price depends on the neighborhood, property and condition.

@Vinny IncognoliIt depends on what you are looking to do with the equity.

With some planning, depending on their other income and dependency status you could pay them quite a bit more and not generate any income tax.