Borrowing Against Equity: Costs and ExpensesCost of Cash-Out Refinance or Home Equity Loan:Interest Rate: Assume a 4% interest rate over 30 years.Monthly Payment: Approximately $716 per month.Total Interest Paid Over 30 Years: Approximately $108,000.Closing Costs:Typically, 2% to 5% of the loan amount.

My fear is they stay in the property after the lease runs out. 

Do you mean day 2 after closing?

Thanks,Ken hey yeah we completed the project we have it on the market currently, i dont have anything in that area at moment, but im always looking, i do have a property in columbia and in hampton ga both a set the close with buyers, lets stay connected

However, the place I am looking for to stay with my family is north Austin suburb and none of the duplex has a cashflow even if I put 20% down.

Allow for 30 days to close a 'commercial' loan but can be done quicker depending on the appraiser's availability.

When you're ready to purchase a seller concession can be a good way to reduce the cash to close and amount of equity you need to borrow against the primary.

Full disclosure: I’m a realtor and property manager and have been helping my clients buy these and then I take them over for management after they close. 

Since joining I went from having it 1-1.5 month vacancies to less then 2 weeks in between stays.

I just closed (and closing on more) all in 75k, rented for 1500, no not the hood.