Explore options like crowdfunding platforms or connecting with experienced sponsors who welcome smaller investments.2.

Banks and alternative lenders (non bank) are a possibility.

@Crystal Hawk - You have a couple different options.

Yes, definitely get a non-refundable deposit if allowable so that they don't just string you along while they weigh their options. 

Typically an option to renew, is just that - a renewal of the original lease, not an entirely new one. 

FHA loans are a good option for duplexes, particularly if you have between $200k and $250k to spend.

Finding an older house to rehab in those markets would be a better option in my opinion.  

Im sure this has been posted before plenty of times, but I just got back into real estate investing, and I am looking for a good website builder option like Carrot, or any other, that you guys can suggest. 

There may also be other creative financing alternatives available, such seller financing, partnerships, private money lenders, or utilizing the equity in your current home.Do extensive due diligence to evaluate a multi-family property's finances, condition, rental prospects, and market worth before making an offer.

There are some great options out there right now for cash out refi's.