I just helped one of my clients do nearly the same type of deal (his was with 40 SFRs) where he refinanced with a local bank and cashed out 7 figures.

Hello Meghan,What type of investing would you want to get into?

We refer folks to bank-type lenders regularly throughout the year when that make more sense for our clients. 

Also something maybe that isn’t clear to people outside the dc area, is the actual type of person who buys a home in the area, dc metro has been an expensive area my entire life, most people who own a home either bought a while ago and have extremely low payments, or almost certainly have at least once spouse making good money probably in the private sector or someone who’s a government doctor, lawyer etc. there are of course exceptions and a few areas, counties I do worry about, especially in our cheaper suburbs and parts of city proper.

Conventional 5% Down Loan (Owner-Occupied)If you live in the property for at least one year, you can use a primary residence loan with as little as 5% down.After a year, you can convert it to a short-term rental (STR).Loan types: Conventional (Fannie Mae, Freddie Mac)2.

so that's the type of thing I'm talking about. 

I think in the future you'll see businesses supplying this type of accommodation for their workers. 

This type of transaction occurs frequently.

Given that this is a duplex it would depend the type of tenants.

What types of properties are you looking for?