Well done!

The duplex is not profitable currently due to the increased mortgage payment and I’m set to lose about $350 a month.

BUT I know some business owners who do this on their own as well. 

Additionally, national lenders like Chase and Wells Fargo have strong multi-family loan programs that cater to out-of-state investors.Scaling OwnershipGiven your available cash and equity, here are a few strategies to consider:Leverage Existing Equity: Utilize the equity in your current properties through a cash-out refinance or HELOC to increase your purchasing power.Partnering with Other Investors: Consider syndications or joint ventures, which can help you scale more quickly without using all your own capital.Diversify Markets: While the Midwest is great, keep an eye on emerging markets across the country that may offer similar benefits.Focus on Value-Add Opportunities: Look for properties where you can increase value through renovations or improved management.I specialize in selling new construction duplexes in downtown Indianapolis, and I’ve found that multi-family properties here provide strong returns.

I can go up to 80% LTV on cash-outs and can do non-warrantable condos as well. 

I am seeing a lot of strong rental growth in Chicago as well.

Relay Bank has worked well with my bookkeeping clients. 

You can also visit the courthouse and get the properties up for auction as well.

Make sure you document well your interactions with the tenant.

No update of common area finishes although clean and well maintained.