Mark Douglas HI Mark,You can go as low as 3% down on conventional programs but you failed to mentioned your intent when it comes to occupancy?

Nor is a property once a flip always a flip.As has been correctly said several times above, intent is the key.  

There is no such rule or even precedent in IRS code, but it is a rule of thumb investors use to consider.The key is intent.  

Take some deep breaths and keep on trucking. 

I've been being the "good landlord" who just fixes wear and tear unless it was obviously intentional.  

This was a clear indication of the calculator showing how valuable it is when we're considering properties, and it also was a great lesson for me as I now see that all properties which look good are not necessarily a good investment.This calculator literally has me eating, breathing, and sleeping real estate for the last few days since I upgraded.

I'm a registered nurse a year fresh out of college and I want to buy a duplex with intent living in one and renting out the other.

Both Section 703(a)(2) of Title VII and Section 4(a)(2) of the ADEA contain language, similar to language in the FHA, which speaks to the consequence of an actor's actions, rather than the actor's intent.

I don't know how much of a hit that would be, since you're being intentionally vague on details ;) but it could be worth it.  

I intent on taking out a home equity line of credit to purchase the duplex.