If this is a duplex hooked up to septic (like some of the older, converted homes in Indy and more rural areas for example) you would need tp verify that your local code supports this conversion of useable square footage as supported by the current septic tank size or install a larger/additional tank. 

@Anthony BuccaneroWe are investing in Greater Tampa Bay and focusing on larger multifamily deals but a partner of mine focuses on smaller multifamily and single family properties.

You'd be better off using $200k down on a larger property (possibly a MF) and adding value with the rest of your cash. 

Probably a bit different for us as we use management software and are a larger company so we post our ads through that (appfolio) and they syndicate out to X number of sites and then it propagates out from there. 

Based on your price-point, it seems like you are looking for a larger asset.

Typically the fixed legal costs of syndication mean that only larger raises make sense financially.

I like this because I don’t want a door at the very top of a staircase and I also want people walking up the stairs to walk into a beautiful view and not walk up into a wall.Would having this layout be more appealing to a buyer or would a larger master suite be better?

You will have to liquidate your current stock holdings if you wish to go this route - you will need cash to buy real estate.

The AMC will blast out the required turn time and fee to a whole slew of qualified appraisers (most appraisers cannot do VA, FHA or larger MFR, etc.).

You'll be able to get a larger property with more units or bedrooms by using an FHA loan.