Sure thing Alex, the only problem might be that you cannot own any real estate individually or jointly prior to application on this home possible program.I have yet to ask what if the ownership and the debt are obligationed by a corporation or LLC and if that would count against this "individually or jointly," ownership rule but I'd bet that would be considered ownership as well.

As someone with no experience, it seems odd to me that most duplexes I've seen in my area are listed as just one side of the duplex.  

I think from the research I've done the best bet is to cash flow right away which means analyzing a property considering I will be living in it.

IMO the better bet is to stay in that 80k range.

Banks have lots of odd rules with proving where money is coming from,etc.

So I find my self in an odd predicament.

Claims against the house seems odd.

So I bet if I paid a contractor to do that it would have costed up around $45k.

But I thought that was pretty odd and I do not recommend it.

Your best bet is to google "rent to own ____your area___" and poke around some of those sites.