We are in the process of closing on a duplex in St Pete. 

We are also looking to get in contact with a mentor that could help us get to the next level.

@Jim Carson,Better Option is Hold for ever... advantages...Tax Saving: If you will sell, you need to pay hefty tax on appreciationTime Saving: you pick lot of properties and that consume lot of time. doing all again will take your time and energy again.Opportunity: we don't know we are on top yet... look at market in Canada, Australia, China, India... appreciation cycle still continue after 15 years. 

We're not in a position to act on this property in any event, but is the recent transaction history a red flag for anyone?

We are about a quarter of the way through, so I'll keep you updated.

We are happy that you have joined BP!

We are using a conventional loan to cover 80% of the deal.

I'm very new to the agent side although my wife is a real estate agent however we are currently living in the UK (the only country she is currently qualified in) with the scope to be in Canada within a year.Many thanks in advance!

We are also looking to purchase a second multi family at the same time which I am fully prepared to put 20% down as long as the initial duplex is 5-10%.Many thanks,Phil.

After completing the inspection, we decided to back out of the contract as the property had some red flags in the work that had been done on the property.