This duplex was purchased off-market, bundled with another duplex for below market value (off-market).

No leads so far.This is summer where most of the students are either off on holidays or have an apartment.It is a 1 bed, 1 bath.

Because the market is difficult right now, it may take much longer to buy your next property, but you will be better off saving and investing from a position of strength rather than borrowing money to borrow more money.

Would be too far off to assume a a rehab cost of $40k?

So your numbers may be a little off but it is doable.

. - 6% cap rate reflects a nice safe part of Los Angeles, California, a prudent investment, not one that will make anyone rich overnight, but a place that higher net worth individuals park wealth to preserve it (imagine the depreciation write-off). 6% cap rate also tells us, right off the bat, that we're going to be in the ballpark of 60% LTV.- We will stipulate that this is hypothetical. 

I found an off market deal.

Other advantages besides cash flow are the appreciation depreciation and tax write offs.

I would work with an investor-friendly agent who focuses on cold-outreach methods like cold-calling, cold-texting, etc to bring you off-market deals under 250k.

I am looking for some feedback on paying off a rental property.