Disclaimer though, valuation of duplex's is convoluted between the income approach and comparable sales valuation methods because of exactly the reasons I've outlined above.

.- Create a plan: Develop a plan that outlines your goals, timelines, and investment strategies.

.- thanks  -   1) if you have  ample assets / Cash  leftover  after the plan you outline  - this  looks OK ....2) if this plan will  take up the  majority  of your  working capital - then  this isnt a  good idea    3)  most any deal will  cashflow if you use  cash to pay for it   4) if  adverse to gettting a large loan for it  - consider taking a smaller  loan  ( eg  50% ltv )  in order to  save  some cash for  future needs  5)  make sure to  review the  resale certificate / HOA ccrs / binder / reserve study  carefully  and  make sure it  complex  will allow  LTR and STRs   6) good luck

I would outline your priorities - cashflow vs appreciation, fix and flip vs BRRRR vs. long-term hold, etc. and then find a city that satisfies your criteria. 

Thank you SO MUCH for outlining the pros and cons in this manner.

Get your loan  details outlined  so  you have   options  reviewed asap

I have also provided information regarding available capital for investment and have provided a lender written document outlining my availability to lending/capital. 

This is now damage, it is her responsibility.I personally would send a letter, outlining the fact that the filter was changed before needed.

We have an operating agreement that outlines all the details of how returns are split (both cashflow and equity) and when--for us we committed to a 5 year hold before any profits are dispersed.You can split equity, cash flows, management roles and even personal use of the property (if applicable) however makes sense for your partnership, as long as it is well agreed upon and documented.

This outlines who can use the real estate broker exception.