Our plan is to hold the house 5 years + until the market comes back, or possibly just holding it long term. 

Even if I'll live in this duplex, I plan on only living in it for a year.

Open floor plans, movable partitions, and multipurpose furniture are increasingly popular among Millennial homebuyers.Digital Savvy and Tech Integration: Growing up in the digital age, Millennials are tech-savvy consumers who expect seamless integration of technology into their homes.

Feel free to DM me and I can relay the path/process I've taken for my structure...after law school I went into estate planning/asset protection for HNW clients.

Start planning, get creative, and take that first step toward becoming a rental property owner.

Everyone here needs to understand that when a landlord refuses to keep their property repaired and is in violation of Local County Codes, it makes it tempting to find good rental property to move to, AND to report the property to Code Enforcement, which now I am planning on doing.

I recommend googling "(City name) comprehensive plan" every city has a city plan that shows where their major commercial projects are heading. 

Speaking for myself I’m just planning to have to live there for more than 1 year and make sure there is room to raise rents, for example spending a few thousand to bring a washer dryer connection to the complex if it doesn’t have one could be a great cash on cash return if you can raise rents maybe $50/unit on the next turn. 

It's usually not a problem as long as you have both lenders on the same page with your plan.

It's all about the plan document, and we use a custom plan document.