You all were gracious to reply so rapidly.  

Hello!I am currently looking at a Duplex with 2 tenants in place. The asking price is 83500 and gross monthly rent is 1700. On paper this deal looks fantastic.I am currently a student thus no steady income to easily a...

I want to proceed forward more rapidly than anyone I know. 

We experienced rapid appreciation followed by a cool off after the summer months ended.

Since you will do double the work having 6 - actually, it's just incremental, because there's a baseline of work in owning any rental and extra work is really not compounded, so it's not *really* double - you might as well do less work and have the same money. 

@jeffkehl, yeah, it's a rapidly growing area with no signs of slowing.

This did allow me to make some incremental increases in rent and also took care of quite a bit of deferred maintenance of the old property.So that's sad news.

Numbers can differ across the state...Detroit is different than U.P. which is different than Grand Rapids.

This rule can be modified if you are in a rapidly appreciating market, say 10% or more per year over several years.

Philadelphia is a rapidly evolving city and home to many of the countries top universities.