That includes the $114k in depreciation, mortgage interest, repairs, insurance, etc.

My question is whether it’s a bad idea to put 20% down and continue renting my own place because of the convenience factors including being able to walk to work (and I work long/late hours).

CALL OR EMAIL US TODAY How did you finance this deal?

I know the OP included a map, but I still don't want to assume.That said, just about all of the City of Dayton can be evaluated on street-by-street, block-by-block basis.

Is this include exterior as well?

Did this include the exterior or only interior?

I now have a family including five kids at home so living in half a duplex is not practical. 

Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.

Opinions of non-attorneys, including myself, in all legal matters are pretty much worthless.

I use LandVision, but you can also use Propstream, etc and build lists of parcels in the markets you are looking, and then you skip trace the owners, call them/mail them, etc.