If you plan to stay there a long time 10+ years then likely the value will be the same or likely greater even if prices soften in between.

We could be wrong, but it doesn't seem likely.Carini did the math for you early, if after repairs it assess for 240k as you suggest, you'll be able to refinance and pull out 187k, of which about 116k will go to paying off your previous mortgage leaving you with 71k to go plan your next move.This is very compatible with living in the house and getting roommates. 

It was my first time working on a DSCR and I was pleased with the process.

Please let me know if you would like to meet-up in person and I can help process some options for you. 

A call to the Planning Dept revealed this 'minor' inconvenience.

Hello, Lee Israelsen, when you build a house and include a basement apartment that you plan to rent out, you may be able to write off a portion of the expenses associated with the construction and ongoing maintenance of the rental unit.

We live near a lot of hospitals and are planning on using this money to buy small multifamily properties and renting them medium term with traveling nurses. 

I have a plan and I'm not sure if I'm going to the right direction.

Hi,As a first time home buyer, I want to learn and experience real estate so I would like to buy a duplex to gain experience as a landlord and get familiar with the processes.

This skill is massively important for flipping RE which we plan to do in the future.