We would then like to purchase another MFH (ideally 4 unit) within a year of our duplex purchase, and I anticipate that purchase being closer $300k (though hopefully less).We have $30k available for down payment and closing costs, because we were initially planning to put 10% down on a SFH in the $250k range.

Our ideal goal is to look for a property that has future potental for a rental property.

Close if you have to, but likely someone will buy it from you at 15-20% more than the price you locked in.Your market is ideal for growth.

Hi all,With home prices steadily rising throughout 2013 and the steady rise of interest rates, are individual investors out there still getting good deals on foreclosures?

They may have said okay to the roommate they will sublet but his name is still on the lease so to you the third roommate is still responsible and when you send notices include that individual.

@Jay Willems , since everyone is mentioning buying a duplex to live in one side, I will say my first deal was an FHA 4plex living in one unit, and couldn't have been happier with the results, although you have to be willing to make some sacrifices relative to living in your ideal situation you would have picked, all investment considerations aside.All said and done, well worth it..

I won't touch properties that don't have individual power meters for each unit.

Ideally we'll be in another property by the time any future kids would be school-age, but want to set ourselves up right in case the plan doesn't entirely pan out.

Saying that, don't expect an individual or a small investor's LLC would be the same arguments.

For example, I plan to invest in Houston, but am uncertain as to which submarkets are ideal.