Biggest thing that rookies forget is expenses & repairs, stuff comes up, dont spend the money!

Planes/Trains/Automobiles, Oh My!

If you can take a repair, take the repair since you won’t have to recapture later on.

"$20-25k for spiral stair case install and remodeling of attic = $542,500"Details please: What were your costs to repair/rehab each apartment, common areas, and top floor/attic apartment? 

Both of us on loan, we get owner occupied interest rates and flexible down payment amount (although I feel I would want to put down 20% to remove PMI)Once Dad sells his home (easier to do than finding a duplex) he will give me about $55-65k of the profits, be the owner occupier in a duplex, go halfsies on repair/cap ex, but only wants to pay about $500 per month (he'll adjust for inflation!) 

You'll know if the tenants are in trouble, and it's easier on turnover to keep services on for repairs, etc. 

Needs 70k in repairs for it to be prestine condition. 270k ARV!.

If you would be able to get enough on the HELOC to pay for purchase + repairs on another rental, which you would then refinance (BRRRR), then go with the HELOC.

I think one of the first and most important thing for me is to have my credit repaired,, living under $30k per year, and crushed my medical desasters has really wrecked what should be the most basic articles of prosperity. 

Passive income from “long-distance” requires “good” property manager, “good” tenants, and “good” condition property (not much maintenance or repairs).