This allows to renovate a property or bump up the rent and add value and potentially use Cash Out/Refi strategy down the road.

We recently bought a duplex and we are currently having it renovated.

It is possible to get one more floor but it gets a little trickier putting in a deeper foundation with potential underpinning.I used an FHA construction loan which is similar to the FHA203k renovation loan but they allow you to build ground up new construction for 3.5% down and you can even roll in the price of the lot.Feel free to reach out with any questions, I'd be happy to help!

I'm currently looking at renovating family property there and I don't plan on making near that income.

So, yes, there are deals to be had in the larger geographic areas of all 3 cities...and even in the sub-markets.

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

Someone sent me a wholesale "deal" last week on a $30k house that they would have had to pay me to take once I figured in basic renovations.  

Even one renovated, I paid 134k and sold for 295k in 5 months.

All needed extensive renovations but did have some positive features such as newer roofs, furnaces, and solid structural integrity.

Yet SOH is here to stay and should be factored into the decision to buy a home that you can claim as your homestead vs continuing to rent one where ultimately you the tenant pay the landlord's larger and faster-growing property tax bill.Today my home would conservatively rent for $1,700 as a 3/2, and perhaps $2,100 total if split into a 2/1 and 1/1.