This is a pro & con, because depending on the property, location, etc. this may not be ideal.The VA has more strict inspection criteria for the property and will not provide a loan if the property is not habitable.  5 major things they look for are structural issues, pests, security issues, electrical issues and heating issues.I know this is a lot to consider, but if you want to dive into the details of any of these items, please feel free to reach out to me in a private message and I'll help explain things further.In my opinion, the pros by far outweigh the cons. 

By the way, when you take over the property you'll have to train that tenant, by being strict on your no smoking policy.

SF has strict rent control laws.

Some areas have very strict landlord/tenant laws.

Hi Samantha,Are yo u intending to owner occupy the duplex or is it strictly an investment property?

If it's strictly enforced I would apply for a license ASAP.Also, when I eventually leave this house, can I convert the basement into a 4th bedroom and rent it as a 4B2B?

You work in a CLEAR CLASS A/B Property range I deal with strictly CLASS C PROPERTIES ( urban ) so rent to own can be made much simpler.

That's applying a strict test of whether it pays for itself or not, in terms of cash in my pocket.MLS access here (MLS PIN) is $89/quarter for Realtors and $129/quarter for non-Realtors.Everybody is required to do continuing education. 

JPs hold LLs to strict compliance with the lease and statutes because they are favorable to the LL. 

I'm thinking that if rent is capped at an increase percentage (7%) then landlords will just be more likely to make stricter leases, increase the new rent 7% and make their new tenants agree to super strict leases.