Figure out which best fits you and your personality and take it from there.  

We purchased it off market, as-is, and as it was our personal home, we renovated over time.

My goal is to wholesale some properties single and multifamily to build some capital while fixing my personal credit and building my business credit.

$6k tax.Ins,hoa, not to mention utilities . took out a HELOC off of our personal home ( res.worth $900k, and a 260sq ft studio, mtr. $1450 mo.) for$ 220,000 for the deposit.

However, I think for the average person this is probably not true. 

I personally wouldn't buy an old home as a rental, I only buy 1980 or newer for myself, all of my properties are in the north part of Gilbert built between 1985-2003.

It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.

If you truly have cashflow to spare I would personally look at the 15 year.

Hey @Mario Morales I assume you're planning to purchase the new property under your personal name rather than through an LLC?

Congratulations on the duplex -My investor clients have acquired several multi-family investment properties locally in the market I operate in Northwest Indiana - Figure out your personal investment objective for the next 4 years and align yourself with the next property that make sense in this current market environment-