Example: value today $100K loan 80K at 5% for 30 years amm starting today. in 5 years your balance would be $73,600 so if values dropped 10% you would need to bring in $1,600 plus loan costs just to renew your loan to 80% LTV  15% market value loss you would need to bring in $5,600 plus loan costs just to get to 80% LTV, Not saying this is going to happen, BUT I have seen this happen before and investors lose everything because they grew a portfolio this way, and a small market change wiped out their equity position, and no one would refi them.

Hi @Elliot Kelley,Although I don't have any experience in IC, I do have a bit of experience with duplexes in at least one Iowa college town (and before any assumptions are made, I grew up in CR and went to UofI for a Japanese major, so I was a Hawkeye first!) 

consider remeasuring the space to see if living area is more than recorded (perhaps property grew over the years), and look for any additional areas like attic/basement that can be finished and included in rentable square footage. 

As Nelson Mandela said, "I learned that courage was not the absence of fear, but the triumph over it.

I grew up in Pittsburgh and the market is a lot easier to cash flow compared to SLC.

When my wife complains about something I cook (she grew up with maids so it's ingrained in her from seeing her parents deal with them) I tell her to leave a Yelp review.

@Stefan SmithInvesting in Brooklyn/NYC can be very expensive and requires capital to invest here.Are you familiar with any other areas in the country whether you grew up there, went to school or have extended family/friends that you visit often.These areas should give you a competitive advantage as you are more familiar with these areas than others.

Hempstead, NY. . .I grew up in Hempstead. 

I live in Texas currently, was born in Mississippi and grew up in Oklahoma.

I grew up in Herrin and currently own a duplex in Carterville.