Other downsides, heater is oil heat, and no central AC (just small window unit), large yard is very overgrown with Himalayan blackberry bushes, and no garage (converted garage to living room space).Upsides: decent condition wood flooring in bedrooms and about half of the living space area, newer vinyl windows in most of the house, outside siding in great shape, roof looks to be in good shape, and the most important upside is the neighborhood, excellent area.FinancialsThere are already multiple offers on the property and they are accepting offers until Monday morning.  

This "Liquid 100k" will be your key to HIGH LTV and low rate loans.Good luck! 

From listening to a fair amount of episodes from the BP Podcast and reading a couple of books, I am thinking my best option to get started would be by using an FHA Loan because of the low down payment.

Good agents know that you won't be a one shot wonder, and will provide that added value to tell you to consider other properties, or if your bidding possibly too high or too low, and be accurate in their assessment.

First and second floor are both 3/1, heated by the same oil furnace, third floor is a 2/1 with gas heat.

We financed this home at 80% LTV through a local bank (here is where I would have saved my capital and gone with FHA or another low money down strategy had I had the foresight, but alas, "it is what it is" as they say).My plan is to eventually use 1031 to trade up to 8+ unit buildings, then parlay that into either apartments, mixed use, or commercial down the line.Going forward: House hacking the duplex is clearly not the ideal situation with a toddler and a newborn.

There are plenty of scams that promise low interest and fees for an upfront charge, and then take your money and run.

In that case, I'd expect that at least the realtor will have a clue, and not price the property way low.

An exception would be more class A or B apartments where they are newer built in the last 10 years or so and rents are really high.So if you had say 40 units at 1,500 a door that is 60k a month gross potential whereas if you had 80 units at 400 a month low income tenants that is only 32,000.

If you have enough equity you might want to do the same as rates are super low.