Hi All,Posting this in light of the BP article sent out today "An FHA-Financed Duplex is an Ideal First Investment Property: Here’s Why"So I already have one duplex. 

I looked up the zoning and it is zoned light industrial.

The expense load seems a little light, but it sounds like a great opportunity!

Depends on the culture ... sometimes a red door means something MUCH different ;-) Maybe a red light illuminating the red door?

We didn't do anything like install a hot tub, fancy lighting, fancy bidet, etc.

Color of walls will be some sort of a light neutral gray with white trim and white ceilings.

They either toss filters out or we'd find them sitting in a closet after they moved.It's the 80/20 rule. 80% of your tenants won't even replace burnt out light bulbs so they won't replace air filters.

First, some light background review.

Please let me know your thoughts on deal and my questions..Bought for $176k 2 familyI pay waterAll other utilities separateMay need light tuck pointing on one side of home. 3 bedroom 2 bath rents for $1500/monthMy mortgage is $1296/month(going to refi after 6 months dropping it down to closer to $1200/month)1 bed I'll live in rents for $800/monthSo when I move out, Cashflow will be somewhere in the neighborhood of $800-$900 month. 

If you don't have a connection at all really and aren't that familiar with a rehab yourself then yeah maybe go with something that just needs a light painting and such and keep it as a rental.