As well as coffee shops like Bottoms Up Coffee are moving in and small microbreweries like brew dog and Land Grant. 

I think you should be paying about 10.5%-12% on average right now, 1-2 points as well, and some lenders will not even need an appraisal.

Do you know the other markets well? 

Realistically you would expect the house to continue to appreciate during that time as well... even if at 3.33% appreciation - that is another $50,000 in appreciation you would make in the 3 years - give or take.  

For instance, cities like Chicago are known for landlord-tenant laws that skew heavily in favor of tenants, and that risk should be baked into your underwriting.What’s your take on balancing short-term cash flow with long-term equity growth?

$100 a month is not enough for a duplex depending on age.how well do you know this market?  

From what we have been seeing from the people investing in our projects from abroad is that only to open a bank account they themselves need to be here, although I imagine that towards the future this will be changed as well. 

Eventbright is a great resource as well.

I have been renting it for 6 years now and am wondering if it would make sense to do one with that townhouse as well or not. 

Selling an existing, well-performing asset has some risks.