So he must have already bought the duplex or none of these things could be happening.

You will be replacing carpet constantly. 

Purchase price: $270,000 Cash invested: $20,000 Current residence, will be renting out long term starting March 1st, 2025 What made you interested in investing in this type of deal?

To Mike's point, it can also harm your ability to move on with a new partner who probably will not be thrilled to learn that you're still financially involved with your ex... 

It also depends on the situation sometimes a HELOC is warranted for short term financial needs so long as you have a plan to get back in the same or better financial position afterwards and the "means," and "will," to carry out this financial or mortgage plan- HELOC's are typically full documentation qualifying loans so you'll need actual income to qualify whether it be from pension, insurance, rental's, etc that are all fully documented on taxes, W2's, 1099 forms, etc.

Overall most of those may be overrated.

Our developers have all noted that HUD has gotten much better with this program in the last decade and it more depends on the local housing authority being good or bad.

We have also completed some exciting improvements including retyring a boiler for heat/cool ductless mini-splits and 9 units being electrically updates.

I have spoken with my daughter and she has agreed as well. 

You should be easily get a feel for the median price.