We want to invest in a duplex in the future to house hack but we want to try and get first time home buyer benefits when from what I understand means lower interest and much lower money down than standard .Thanks everyone !

@Matt Boyle no offense, but if you are an appraiser asking for tips from agents about price discovery that is sorta a red flag for me.You as an appraiser are considered to be an impartial expert on value, and agents like it or not have an inherent bias and are generally not trained, licensed or required to follow USPAP (Uniform Standards of Professional Appraisal Practice)Refer to link below for differences between USPAP and BPO.https://nationwide-appraisal.com/appraisal-avm-bpo...I am curious as to why you are asking for tips from agents doing BPO's vs seeking advice from professional appraisers in the Chicago land area?

The standard split generally works 3% each way, with the broker & agent splitting 1.5% (on a 6% commission).

Then I can a more accurate CapEx reserves requirement.I would not recommend trying to lower my standards of analysis.  

You will be able to write that portion off; however, it would have to exceed your standard deduction.

From 2500 to 7500 on a 650k purchase  (2 family 5 years ago)Appreciation on 1 and 2  doubled and on 3 has tripled.The area has climbed so much so fast but is now a standard 5 cap which is why I am reluctant to buy more.

Assuming rent is due on the 1st, you will either already have rent paid in full or know there is a problem.If March rent is paid in full at the time of the meeting, I would just explain whatever your "standard" is, ie rent needs to be received by X date or a 3-day/5-day pay or quit notice will be posted on the door. 

I got a standard CA homeowner's policy that is $126/mo with a $1,500 deductible.My Dad brought up that since I have tenants, I may need landlord's insurance that would protect me further.

Our standard MLS sales contracts binds personal reps, successors, etc. to the deal.

I have spoken with the agents, and done my due diligence in research.The house is a foreclosure and will need rehab, it will likely not qualify for a standard mortgage, and I doubt I'd have the credit or deb-to-income to qualify anyway.