Probably about 14X18, with maybe a 1/4 (or less) of that taken up by the laundry area.It does have some vents in the wall as well, and it is an old house so I am guessing it has some leaks and overall adequate ventilation, but being a basement and the property itself has limited parking so I think it works best as a 2 bedroom.

Hey all, originally I had the rosy ambition of going in on an owner-occupied duplex in the Austin area, but quickly came to the realization all the duplex/multiplexes on the MLS here are either overpriced or need a substantial down payment to make financial sense.I have now shifted my strategy to buying a more modestly priced SFR outside of Austin city limits with 20% down.

Banks will lend you money on properties, but they want your full liability, not your limited liability to get their money back.

He is technically a limited partner but I have no LLC (I can set one up though) and he doesnt want equity in the business itself.

Sky’s the limit!

There are limited circumstances in which it may make sense. 

When doing a BRRRR, it is my understanding that you're limited to pulling out up to 75% of the ARV.

@Cameron RileyPretty sure my free google limit is like 15Gb before you need to buy more.

They are in a market where you have a very limited amount sellers you have to be able to compute multiple factors per transaction and you have to spend money on marketing. 

@Justin MilesMedicaid is for people with limited income, not wealthy real estate investors with living trusts.