Success is relative...and everyone has a different definition based on their market capabilities...and rationalizations.

Let's have another think in the morning and see if we can't come up with a more rational outlook.

You can rationalize anything.

For the tax wizards on the forum...For the moment suspend any sense of rationality and assume that there is a gov-mint mandate on startups that require them to do audited financial statements.  

You are correct, it is toxic and will never go for par, though with a good borrower, with a high credit score, and payment history, low debt to income ration, are a part of a higher resale value.

During this time I was looking to buy a forth property but didn't do the deal because I was pushing my debit ration beyond what I was comfortable with, but the bank wasn't telling me 'no' on lending me the money. 

Rationalization.  

The final arbitrator of loan qualification is the DSCR(debit service coverage ration).

Don't try rationalizing IRS guidelines for how long you can depreciate buildings over - it won't accomplish anything aside from perhaps giving you a headache.  

I don't know if the duplex you are buying has tenants in it, but if it does make sure you get a credit for security deposits and rent pro rations!