We found out the bank will be doing some inspection work on the property, so we're hoping to get more information on the extent of the remediation needed. 

The bank foreclosure was listed for 550K.

How does a 6-month vs. a year long lease agreement factor in when refinancing? We're considering adding a tenant at our own home and refi'ing our duplex very soon. Just wondering how doing a 6-month with affect how le...

Bank.

Is there a way I can put 50-100k down payment into an Duplex; house hack and pay the bank or lender back?

To me I count those things as probably more important than the actual deal itselfSo here are the numbers:Purchase price: 70KRenovation costs: 26K (I originally estimated 15K hahaha I wish)Closing costs: 2KAll in cost of 98K.Currently rented: 1200 per month.The bank appraisal with my local bank just came back at 134K and with a LTV of 75% I am eligible to refinance out 101K on the total deal.I am only refinancing 90K which will leave my all in costs at approx 8K on the deal.After PITI and reserves for maintenance, capex, vacancy, and management I will cash flow approx 200 a month with a 23% CoC return!

So I don't have the complexity of paying of existing mortgage.Thanks,AnimeshIf it was anyone else, I'd say hold the note yourself and become the bank since it's paid off...However, since it's friends/acquaintances, and the last thing you want to do is take them to court (for note gone bad), you'd probably want to approach a RE attorney and a title company (is my guess...)Haven't dealt with it myself but I'm sure others will chime in with more specifics.

Here's a home in a 55+ community, bank-owned (as far as I can tell, no heirs could be found, so bank bought it).

And my lender is great with fix and flip rehab loans - and their a bank so the rates are comfortable.  

You might need to get with a credit union or smaller local bank bc to get $70k for repairs will be a huge stretch.