The odds have been in my favor and the margins are great.

Because I’m new to this I tend to favor the duplex in my mind because it’s been nicely renovated and it’s more attractive, but that’s probably just the newbie in me talking.

However, this is a converted office building and your lender is going to price your transaction based on the overall risk associated with the deal.As a lender, I would look at this deal more favorably as a 6 unit rather than a 4 unit.

How do you know it’s not just some friend who will fudge the report to do a friend a favor?

Within that week I would say ~5 lenders had contacted me, and I was able to play their rates against each other until I got what was most favorable to me. 

I really hope I'm able to return the favor and add value to you soon. 

Not sure how short-term rental permitting in SA works, but in Austin where I live, it's much more favorable if you live on-site.$145K is high for a C-class house in SA, even renovated, even with a casita.

Do you underwrite deals at the higher amount favoring in all these costs?

Once u put all the cash into this property u will need to cash out refi to get more capital and the rates on cash out refi are not as favorable as straight purchase .

Do some googling & you’ll get some general advice on which state(s) might be most favorable (there are a few factors to consider).