New duplexes will work for a pure buy and hold strategy but likely not brrrr. 

But I know some people see these purchases not purely as a numbers play; it's also a portfolio of vacation homes for them to visit.

Purely against the passive $2500ish a year net cash flow to zero it out?

The issue though is that private lending is generally short-term.What you'd be looking for comes down to a loan purely based on collateral.

That said, it is your home so pure financial considerations are not always the driving factor.

Quote from @Hannah Joy: Hi all, I am considering a property built in 1924, 2 story, 2,614 Sq.

In a strict syndication model, any returns from pure monthly cash flow certainly aren’t there, or won’t be until stabilization 18+ months away.

The above numbers are purely for example, I dont know if they would sell that low, I need to chat with bank, and with a better grasp on the procedure I'm getting close to having that discussion with them. 

Yes, that's pure insanity. 

A few months ago the RI statewide MLS went onto a new system (Matrix) and separated out its pure commercial (no residential) listings into the RI CIE so I'd guess you might be able to find some smaller properties on there which might fit your needs.Though I'd also say if you know a real estate agent you could have them check the regular MLS too because it seems like not everyone's gotten the memo that commercial-only properties go into CIE and not MLS; just last week I saw a property like that in the regular MLS.And of course, if you're open to mixed use, then you may have more options and you should definitely be checking the regular MLS (which as a non-agent you can do via RILiving.com).