I would like to add the condo to my portfolio.

As I look for deals I find my interests scattered anywhere from Duplexes to medium sized apartment buildings.

and have decided that buy and hold is the way I want to go. initially i planned to get a normal FHA loan to get a duplex, but these do not allow for renovations to add equity.

You agent should be able to advise you in this situation.I think you should buy a duplex in Skagit with owner occupied financing, live in one side and rent the other, and later rent both sides.

Hi Micheal, I was looking to invest in Fourplexes, Triplex's or Duplexes.

I own a condo in Margate City NJ. 

I am finding duplexes and single family homes for under $60,000 that I believe would provide a 20%+ cash on cash return and a couple hundred bucks minimum cash flow each month. 

is a lot of small condos or stuff WAY to expensive for my tastes. 

I have a 2 bedroom condo in Los Angeles.

If you're unfamiliar with the areas, and simply want a dependable cashflow, I recommend going with something low risk like a condo or townhouse, built within the last 20 years.