Seller plans to purchase a primary residence needing repairs, and will be applying for a 203k instead of using the funds from the sale of the duplex.

However, there are ways around it, such as having tenants deposit something other than cash (i.e. money orders, checks, etc), or just set up a business account like I did because these rules usually only apply to personal accounts. 

I recently applied to drop PMI and found that it was valued at $265k and we owe about $165k - so $100k in equity.

@Ashley Hughes - I'll give you what I give my buyers I work with (as well as things I've used and other investors and agents have used to win multiple offer situations in the past) of course, they may not all apply or be right for you, but I think it's good to know you have the options!

@Jeff MillsI’m not a fan of funding with a credit card either, but if you have the ability to apply for a new credit card (good Credit) many cards are zero percent interest for the first 12-18 months.  

Hopefully some on here are interested in quant or statistics and how it can be applied to rents.

Their position is; it is not rent so doesn't apply in rent court, go to district court to collect your utilities. 

Sometimes it can be very time-consuming for us to do the things that we are not naturally good at.

Im not a huge fan of Grant Cardone, and I agree that his advice does not apply to everyone but that’s expected.

There are so many things that go into what makes something an accurate comp but I'm sure there are plenty of articles and stuff of that nature here on BP for you to read through.I would really suggest finding an investor friendly agent (I'm sure there are several here on BP) and working with them.