I am from North Carolina but manage my current rental arbitrage properties in Medellin, Colombia & Rio de Janeiro Brazil.Now, I am looking to start buying real estate - likely in the Raleigh/Durham area of North Carolina where I am from, but also open to new markets.I stretched myself very thin on my arbitrage business, so my cash is very low. 

I have been reading about the costs to build a duplex and begin renting, but thought my situation was a bit unique and so I decided to make my own post.A few years ago we inherited a house and land in town close to a local graduate school for physical therapy, occupational therapy, physicians assistant, etc. 

If you have the time and experience, hiring your own subs (like plumbers, electricians, painters) can save you some money, but you'll need to manage the project yourself.

Well, dad decided he wasn't ready for the ensuing responsibilities of being a husband and father and skipped out, leaving mother and daughter in the lurch.

For example, there are 500k-600k 2000sqt+ duplex that has monthly cost around $4000 ~ 4500 without management but the typical rent in that area for those units is under $2000.

I showed them the property, and the tenant asked at the end if I would 'still' rent to her, which left me confused, as she had a job and it seemed to me that she would decide herself if she liked the house or not.

I’d get an appraisal and decide if you’d want to sell for that much.

You have to decide how you want to handle it and if you push back too hard, go back on the market and try again.

I currently just have a 2-door honda that I will use for business travel/managing the rental.

I'm rereading Brandon's book on Managing rental properties and he mentions that you need to give everyone an opportunity to apply, even if they don't meet the minimum criteria you have set.