I have a duplex free and clear worth 75k and I have 40k in savings to put down on another duplex or 4 plex however I really don't want to spend my savings because it will leave me thin but I was wondering if I could cash out 50k from my paid off property and use 40k of it for down payments on other properties?

It has opened my eyes to the different ways we spend and save our money and I hope to learn more from the current book I'm reading.

It has only been on Zillow for a day so they might not bite quick on the offer but judging by only 3 people saving the property it may be a great opportunity.

, "How much can I 'save' by doing it myself?"

One seller a brokerage wasn't even going to take their 25 unit apartment listing for 900,000 but the seller owns a third of properties in that town and is consolidating for retirement and estate planning to leave to his kids.

Or use the profit from the rent to save on the next down payment?

This way you can help them out of a bad situation and possibly help them save their credit by avoding forclosure3.

I think I would be lucky to qualify for a loan of half the amount of what I estimate the property to be worth.So as of now I'm saving (5k now), keeping my credit score in the "excellent" range and trying to learn new ways to fund my first investment even if it isn't purchasing the multiplex I live in now. 

I have an 8-to-5, but will need to supplement my income when I retire a decade or more down the road -- not to mention the need to put my daughter through college in a few years!  

Currently 45 and looking to retire comfortably.