If you are getting an appraisal, see if the appraiser will give you an "as is" and "as repaired" value.

We financed this home at 80% LTV through a local bank (here is where I would have saved my capital and gone with FHA or another low money down strategy had I had the foresight, but alas, "it is what it is" as they say).My plan is to eventually use 1031 to trade up to 8+ unit buildings, then parlay that into either apartments, mixed use, or commercial down the line.Going forward: House hacking the duplex is clearly not the ideal situation with a toddler and a newborn.

We have always had effective marketing, a good leasing approach and a fairly strong maintenance approach. 

. , he is a CPA, a landlord, and a house hacker, i think it will be a good fit.

And a network in the Pittsburgh, Cleveland, and Erie area?

I am also located in Philly, looking into investing in Buy and Hold particularly multifamily units.I am sure you will connect with the right person (people) here and as you know it's an awesome place to learnCheers!

While flipping generally holds the most appeal to new investors I would strongly recommend you look at your first project as both a flip and a rental. 

As @Mindy Jensen has pointed out, yes each bedroom needs two exits, Egress window for escape and a door that will lead to another exit, it cannot pass through another bedroom or bathroom only to a hall or common room then out. they must have not had one of those exits in that house in Colorado.

I have a list of current & done deals, and a business plan for anyone that would like more info if you PM me.

Hi @Lowden Charles and welcome to BPIn my opinion that call will be driven by if you need to recoup your invested capital quick in order to move into another deal.If you lease option it, you could even get a slightly higher price for the house and a nice cash flow but you're likely going to have a good chunk of money into the deal for the length of the lease.