Tax implications would be a big factor, as would the predetermined buyout(or methodology for calculating future buyout amount), but the big factor would be their desire to max out profits weighted against their desired quality of life.But those deals are almost always a result of being observant at the right place and time.

Add a safety factor. 

@Kareem LyonsDo you have the postcards design yet?

Once I factor in the price of my car insurance going down using my lender my rate is really around 4.9 so I guess on a duplex that’s still really good

I get the general idea of what you are explaining, I have seen that usually state taxes don't effect it too much but maybe it might be more of a factor with a larger investment. 

trying to find a reasonable architect/designer to help us convert 2 bed/1 bath investment property to 3 bed/2 bath...any suggestions?

LLC or other entity).The main determining factor of whether it's going to show up on your credit report is who the lender is.

Your ability to get the proper financing might factor in as what you end up doing. 

Maybe today there are templates that are designed to be more real estate specific?

So you have to factor that in.I always say keep an open mind, and if the right deal comes along be open to it, but that seems to be few and far between on condos/townhomes.