The asking price is $250K ($100K down incl. repair and $150K owner financing at 4.1% for 5 yrs). 

Makes tax prep and financing more expensive, for almost zero benefit?

I exited last year with i/o seller financing.   

How did you finance this deal?

For these reasons I will have to qualify for a loan on the nee house, to pay off the debt that exists and to finance renovations.

We feel good about this as it almost sold awhile ago for this exact amount and has been appraised around this as well.I'm in the unusual position of being able get financing from a private lender. 

Rental income finances everything in all of them including all the custom upgrades and upkeep done mostly by hired hands.

Please excuse my ignorance.1) In an attempt to learn from folks who have done this, what is the best way to finance the gut rehab of the existing property and the new construction of a duplex?

., you should first look into traditional financings as you'll get the best rates with a conventional loan.Despite your six months off, if your new job is in the same field in which you have 16 years of experience, I believe you only need 3 months on the job to qualify that income.Lenders will want to look at your 1099s for the last two years.

If she hires a lawyer, and she loses, then that was just wasted money for her.Hopefully, you've read these:Is There a Problem with Buying Properties Subject-to Existing Financing?