Tenant has called 7 times for repairs in 9 months on my "turnkey" home. - the seller gets the equity and I'm also paying property tax on a higher assessed value (vs. if I bought a distressed house at a much lower price, that I renovated)I'd be cautious buying old homes (e.g. 100 years old) that have been renovated.

A couple of months ago, we acquired a property through an auction.

I will be closing on my first duplex at the end of this month. 

Pay in more frequent installments?

For example if the rent is $1,000.00 per month they applicant must provide proof of income of at least $2,000.00 per month. 

I contacted the seller because after the deal didn’t go through the listing was expired and removed. it has been 3 months since the deal fell through and it is still currently not listed.

Purchase price: $1,500,000 looking into property purchase, will purchase within 3-6 months

About 680 per month after 3.5 yrs it would be just cash flow . taxes on the property are low.

We've got the equity in our home for 40% down, but we don't qualify for the payment to tap into that much more monthly debt on our home.  

yes, this requires some math - but that's your actual capex.  3% a year probably won't cut it.and - i don't know this market, but i'm skeptical that something turnkey will actually cashflow $600-900 a month.