Its going to be a lot more difficult to find a triplex or quadplex than a duplex.  

At the end of the day, you are investing to make a profit, and you will be taxed on that profit regardless of whether or not the profit comes as normal interest or return of discounted portion of principal balance.  

Brandie Lyons how much underwater is the property, is there only one loan out on the property and how far behind and balance due to bring current?

I am looking for a good balance of cash flow and appreciation.

When I was content with my unit count and portfolio and buying more became difficult anyway I started paying off my highest rate and highest risk loans organically with portfolio cashflow.In RE, you have to make hay while the sun is shining. 

Also - it's going to be very difficult to cash flow on a duplex at a price of 660k.

The process has actually been a lot more difficult and taken far more time then I was originally thinking and has been going on for two years now, hoping approval comes in the next month or so. 

If your job is flexible then it's a good way to get started but if not it can be more difficult.

So we are currently trying to find land to buy and we usually use HAR, Trulia, or Zillow and finding property in the north Houston area that's not crazy expensive is difficult.

The cheapest "flip" jobs I've seen and are usually in bad areas or have very difficult features to get around (unsightly neighboring houses, weird additions, next to busy roads).