A cap ex estimate can be created for your property by listing all the components of the building, estimating their replacement cost and dividing it by their remaining lives.Interest rate - In my market, a quad for a borrower with excellent credit with no points would be at 4.5%.  

Thank you Greg I appreciate the response, I have 15k in bad debt which will be paid off in 5 months, then a remaining 13k that's interest free debt (loan from parents as I had a son this year and lost my job right before) and there's no time frame to pay off that 13k, my goal is to get 1 deal under my belt by end of this year, scale up next in 2022 and pay off that remaining debt. 

Single family properties continue to be extremely desirable to both renters and homeowners, providing cashflow while remaining relatively easy to offload if the need arises.

Single family properties continue to be extremely desirable to both renters and homeowners, providing cashflow while remaining relatively easy to offload if the need arises.

Tenants remain in place & have been great.

The Tenant signed the lease, the unities were to remain in my name only utilities that is not covered in the maintenance fee is electricity and cable/phone/internet 3.

Give her a certain amount to help her make her move but have her carry the rest while you rehab the property.Once you rehab the property, she can get her remaining balance at closing after you fix & flip the property.  

I have been using Bigger Pockets to continue to educate myself on the various landlord pitfalls and tips to help me remain successful.

We agreed on a price and I will pay her the capital difference between the sell price and the remaining balance.

It basically means that you are grandfathered in and the structure can remain a duplex as long as it is treated as a duplex.