Purchase price: $60,000 Sale price: $70,000 We assigned our property interest to a cash buyer, stemming from a bandit sign lead.

We're researching keeping this property and purchasing a new house in NE.

Same thing with your HELOC, if it's a $0 payment, it's a $0 impact.Not discouraging the purchase by any means, but food for thought: "There's no free lunch" if you're getting a below market rate from the builder that's getting paid for in the purchase price.

But right now, I wonder if a total newbie in this should really be trying to get a small loan (50k) to purchase two house around 60k each?

Let's say you purchase a property for a $100000.

I purchased a duplex at a shore town in NJ.

Short story, I recently purchase an investment property. 

Apartment buildings can be a great investment but you have to buy in an area that is appreciating and purchase a building that has good returns, hi-occupancy, and little overhead. 

Thanks,Tom What are your objectives? 

My first real estate investment was in Syracuse NY in 2005.I relocated to Augusta, Georgia in 2006 to learn with a multi-family investor/mentor.And then in 2009, I founded Auben Realty, which has grown from a small local shop to a regional presence with current locations in Chattanooga, TN, Columbia, SC, Greenville, Atlanta, Charlotte and Jacksonville.Recently, Auben purchased a property management company in Kansas City to begin our Midwest expansion.