They are usually fresh out of college with lots of debt--- that means they can't afford a mortgage.- Why buy a house you have to all the work on yourself (mowing the lawn, watering the grass, etc) when you could live in an apartment building with an on-call maintenance man to do the work?

Chi:Absolutely, if your debt ration supports or can sustain two mortgages then you should be ok.

Sub 2 means you have the deed but someone else has the debtTo sell you pay off the debt and transfer the deed@Llpeng Wu@Bill Gulley

If you want a big hunk of cash, refi one of the properties but make sure your cash flow can service the debt and then some.

I have great credit and no debt with approximately $200k to use for down payments.Leaning toward a duplex or triplex as opposed to single family and looking for advice on how to get started.Working with a real estate agent who is experience

Then do the same thing on the second.If you completely pay off a property, you won't have any debt.

Thus, I would have my $10K + few interest (which I believe the interest is taxable) back, and the LLC would have $10K debt + fee from plastiq, on its business credit card.Would this strategy work?

I have a $200K SFH rental which is debt-free, rental-B.

On October 7 HUD issued a ruling that all apartments using agency debt or those with housing assistance must now give 30-days notice to residents before starting to evict them. 

Hi @Audrey Dye - As others have said, the Debt Service Coverage Ratio loan might make sense for you.