A duplex with the same total size, beds, and baths as a SFR in similar condition in the same area is going to appraise at about the same value as the duplex.

I do plan on keeping the acreage regardless of what I decide.Some of the numbers:  I bought the house and acreage for a total of $125,500.I currently have an ARM which the rate is at 4.125%.  

You could then use a portion but not necessarily all of the proceeds to take a distribution to yourself and use that as a down payment on a property you want personally in retirement - whether next door to or in a totally different market than the investment property. 

Total costs for me a month are between 475-500.

You can take massive risk and bet on the lottery or in a casino.

We don’t have a ton of money to put down, maybe 15k total.

That may be your best bet to get into the game.Good Luck!

It’s two totally different property types.I think without the many short term rentals on Anna Maria, the thriving businesses and restaurants there would be in trouble.

BiggerPockets, I need help drafting an Owner Financing Proposal...never done it before.Details: I have the opportunity to purchase 3 Condos in a nice complex for $105,000 total from the same owner.

Using hypothetical numbers, let's say I need $80k to purchase a property and $50k to rehab, totaling $130k.