You're going to need to put 25% cash down since you'll be needing a commercial loan.

Exploring out-of-state options for a duplex can be a viable strategy, but it's important to weigh the pros and cons based on your financial situation, investment objectives, and personal preferences.

. $100k performing I/O note for $90k), how do you classify the extra principal you get back when the loan matures?

That said, I would probably discuss the situation with them and let them know what market rents are at and that you don't want to raise it all at once.

I'm looking to use the VA home loan. 

Curious what y’all’s thoughts are on the situation?

(Most likely considering adding a 7 year ballon.)Do you suggest letting a loan servicing company handle payment collection/escrow/insurance or are you all handling those pieces?

We do have a $25/hr charge for really difficult situations... in 5 years we only charged it during the recovery of hurricane Ian.

(he said he's ok with this since this would be an unsecured loan) The purpose of the loan would be business expenses, growth through advertising and for new route listings.  

When it comes to the finances I am planning to get a first time home buyer FHA loan with 3.5% down and when adding the closing fees and all the other fees we are looking around $12,000 dollars out of pocket.