If I had to pay a contractor for each of those homes my (your cost) would have been no less than $3500 for each home when including opening the walls, drying the structure, dealing with mold tests to satisfy the buyers, patching holes and painting.

I already lived here 9 years which satisfies 2 years. 

It's so satisfying to get your first deal done and done well.

It’s a duplex and we’re very satisfied with our investment as we’ll be ready to Air BNB one side very soon.We are both agents and licensed with an investor friendly brokerage.We’d be glad to start sending you listings that will fit your criteria. 

@Sudhanshu Singha If that is the case, then both of these rules would be satisfied.

Satisfying the FHA requirements and using it again can be a powerful way to minimize interest expense on a portfolio of long term holds.

It is a recorded lien against the property, so that debt has to be satisfied, one way or another. 

Then the mortgage will be satisfied 

If your current Insurance will not increase to $1,000,000 you may be able to satisfy the requirement with an umbrella.  

I think a question that you need to answer is, are you satisfied with $700 cash flow?