We have also secured a real estate agent who will only take 4% commission and who will guide us through the process.Obviously our plan is very elementary in nature as we have analyzed a minimal amount of deals and are not entirely confident in our abilities to determine the ideal purchase. 

There is settling on the entire right side of the duplex (he recommended a structural engineer be ordered).Everything else is cosmetic in nature (resurfacing/replacing of tubs, cabinets, trim, etc). 

@Dallin HernandezWelcome to BiggerpocketsMost lenders, conventional or portfolio, will require 6 months on title and for the property to be stabilized before you can refinance it into a long term loan product. 

Usually there is not a ton of equity built in on this loan product.

Because you won't have issues with lead paint and asbestos as both of those products weren't really used in residential applications after about 1978.

If it doesn’t, learn the channel you are more naturally inclined toward because it will be you working it.

@Greg Weik how do you manage 500 doors and yet don't know enough about human nature to answer this question?

There are some products out there which sit in the middle such as 5-10% down payment conventional loans which have PMI until you reach 20% LTV, and then PMI can go away.

This is a great forum with very knowledgeable members that will help to guide you in the right direction.I really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alertsThere are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/pro

Walmart, on the other hand, has a beta of 0.48, which also makes sense because even in a downturn people are going to continue to need groceries, and since Walmart has cheap products, people will continue shopping there, which means Walmart won't experience as severe of a downturn as the average company.If you apply that to a real estate market, I would think that cities with high tourism have high multifamily betas (maybe Nashville as an example).