I believe you can even pull the FHA Duplex Loan limit to turn a Single Family Home into a Duplex.My gut tells me this is a very powerful tool that I haven't cracked the code on fully, just yet. 

It's good there's no water and sewer bills every month but I'd like to know what the expense could be for a well/septic. 

The tax bill link you posted does not show the property address (“unassigned”) of the parcel going to tax deed auction but it shows the owner as Roy L Bass who lives at 414 SE 12th ter   In any case, a vacant lot in a low income neighborhood is worth virtually nothing, which is why people let them go to tax auction all the time.

However I would also like to explore what would be the right steps to go if we decide not to house hack and still get into multi-family properties.save up enough from the reduction of our bills to put a down payment ?

Hello!I was researching how to calculate depreciation on my first duplex that I bought and I was browsing through the county assessor website and noticed that my land value is $250k and the improvement value is $28k. ...

The potential tenants would be blue collar workers, many that work in power plants and factories and I am told that you can get rent as high as $750/month. 

Being new you want to use the credibility of your power team.

What I do know is that one of the many, many things signed by a buyer at closing is an agreement to keep the property insured and authorizing mortgage companies to put insurance in place and bill the owner-and those rates aren't cheap.

@Bill F. you said it a bit more PC than I would have :) So many try and time the market perfect.

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