So if my tenant cannot pay their rent for an extended period of time, why should I be forced to stay in an unhealthy relationship? 

You can 100% use an FHA loan for a duplex (or any property that is 4 units or less) as long as the borrower promises to live in one of the units for a period of time (1 year I think?).

That's what the inspection period is for, and my REA knew ahead of time what I wanted. 

I simply wanted to start a dialogue about what others are thinking in case we encounter a deflationary period and how fellow RE investors will respond. 

It is set up to measure average cost over a two year period to account for a typical tenancy duration. 

Google says Michigan has a one year right of redemption.In Texas, we have a two year redemption period.

You indicate that you have moved out of the house so you could rent it out for a period of time to prove that you had the intent to convert and hold for rental purposes and then later sell and qualify for the 1031 Exchange. 

My family and I are currently staying in Cancun, Mexico for an extended period of time.

Are there lenders that lend for longer periods on a commercial loan so I can let the loan pay down more before refinancing again in just 3-7 years?

That’s because it’s widely misunderstood, and because of that we’ll start with learning about the common misconceptions so you have a clear understanding of how IRR works.Don’t be alarmed by the following definition, because this isn’t advanced calculus, but IRR simply put is the percentage rate earned on each dollar invested for each period of time that it’s invested.