The rest of the funds received will be considered a return on your cost basis and non-taxable as well.

I consistently see people with $10-$20k spend most of it on training and being told by these gurus they can make 30-50% returns with their eyes closers only to realize it will take 48 years to make back the cost of the training.

Do you have funds for your next primary purchase or are you needing to tap into the equity to get closing costs and down payment?

I have about $150k cash on hand as well as I am planning to get a construction loan to cover the remaining cost of a duplex.

Property 1:Purchase price - $73,000Mortgage - NONE (Paid Cash)Monthly Rent - $875Monthly Profit - $580Property 2:Purchase price - $65,000Mortgage - NONE (Paid Cash)Monthly Rent - $950Monthly Profit - $750Property 3:Purchase Price - $107,500Mortgage - $80,625 Monthly Rent - $1300Monthly Profit - $435Current Cash Available - $110,000Current Available Equity - $96,500 Cumulative Total - $206,500The available equity was a HELOC loan that was given at 70% LTV so those are real numbers, they would be from property 1 and property 2.The reason im typing this is because I would like to know if there were any builders that could give a rough estimate of building cost per square foot in Kansas City area or suburbs.

Cost to acquire is ~100k and I plan on spending an extra 15k on repairs. 

We estimate that the basement will cost approximately $30,000.

Three units to maintain.Although I need to do the math, scenario 1 strikes me as more economical as there are shared costs gained with a multifamily property.

"Flows of the tongue pretty nice, looks good on paper... but there is a cost to that.

@Kathleen Park if you want the tenants to cover, just increase the monthly rent a bit at renewal to cover the cost.