Taxes, Insurance, Vacancy, Repairs, CapExp add up to $615 (insurance may be a little high until i get it quoted).

My plan is to utilize the 5% down payment available through conventional loans.I would essentially mega-commute for the first year or two, working about 10-day stretches and then having equal time off, using my PTO strategically to gain more time off.

Now granted that has gone off the rails because I have decided to change our focus because my end goals changed, but doing the exercise helps create the path to walk and figure out what the next steps are.

Realize you may be better off using cost segregation to achieve greater tax benefits immediately for purchases of STVRs.

Tax's, Insurance, HOA fee's etc., these cost's of operation become a pass-through expense unto end consumer.

We currently own our house, fully paid off.

Benefit: No capital gains tax on profit up to the exclusion amount.1031 Exchange: Deferral of Capital Gains Tax on Investment Properties What it is: Defers capital gains tax when selling an investment property if you buy another investment property. 

Assuming you're stuck on renting it as a "duplex", you write a lease for 3 bedrooms and the named bathroom (s) for each tenant.

Meaning, they are not willing to:- sell their property off market- go into contract with a wholesaler- sell their property for a discount (i.e. they want 'top dollar')In cases like these, an agent can still assist the homeowner by helping them sell the traditional way.That said, wholesaling can be lucrative so I echo the advice you've received here - get out there and speak to people in the industry who are willing to share helpful information.All the best!

When the pandemic hit and the visiting scholars had to back out of their leases, I slashed the rents and advertised on Furnished Finder but my units are not particularly conveniently located near hospitals and the area hotels were offering to house visiting nurses for tax write offs.