- Duplex- pro's- renter's rent money will pay for half of mortgage, after that is paid off, move to a house, have passive income x2, most living space. con's- biggest down payment, outside the city, risk of terrible renter, locking us down for at least 7-10+ years to at least make it worth it.Overall, I hate wasting money. 

But this is Potato, "Potato" talk.Could happen or like in your case, one can build a large and successful portfolio and do really well.Hat's off to you and well done mateA great way to think about real estate and business in general is protecting the bottom line first and foremost and looking at things from a worst case scenario standpoint.All good things take time.Appreciate you mate and I've heard great things about you.To your success

You could qualify off AirDNA projections with 20% down, which is $36,600 down given the $183k sale price

Does anyone know off-hand if that is for the calendar year or exact dates?

I’m working with my father on managing his RE portfolio.We have one multi family property that is fully paid off and generates roughly $200k in NOI/Cash Flow.

Put motivated sellers on the list and non-motivated sellers off of the list.But think about it.

For example, you could find deals that have good long-term potential and buy enough money down so they throw off a bit of cashflow, but not so much equity that it limits your ability to scale.

Note: would be using 50k to pay off my debt at closing.Plan a: Buy into a 1.2m retirement home style 18 unit property (18 doors, 5 bathrooms, commercial kitchen, etc) with $200k. 

First off, if they can justify removing the carpet and replacing it, they would need to bill you a prorated amount based on age.

They are/were operating off of cheap money.