Duplexes are a little easier than 3-4 units with FHA since they don't have to meet self-sufficiency requirements.

There is also a huge amount of strategic and legal expertise across many states in getting non-performing notes to “re-perform” and be sold, perhaps to someone like you.Performing loans don’t require anywhere near the same amount of work or expertise but typically involve a lot more capital per loan.

These types of properties require experienced management to navigate the challenges effectively.

Are you agent yourself and what makes you say that you'll avoid buying a home under 1000 sqaure feet again? 

Lending to Entities Only: (Not required but think carefully.)

Second- these developments where the same person develops, builds, and then requires you to use them for management- they always suck.

So this requires some upfront planning. 

Purchase price: $130,000 Cash invested: $9,000 Sale price: $185,000 I did not have the knowledge then to keep the property and pull money out to complete renovations to another property we purchased a year after this one that required a complete overhaul.

An office/in-person audit would require a face-to-face meeting, which you could request to have your CPA present for.

We require them for any tenant over 18 years old.