I have high equity in my current duplex so planning on using that to fund down payment for the next property.  

Purchase price: $17,000 Sale price: $27,000 Contributors: Peter Vekselman Partner Driven and Archie Raglin acquired this property on 1/3/2025 for $17,000 and sold it the same day for $27,000.

I've been interested in it, the cost was pretty high on the Pace Morby one

The penalties are just too high. 

If your income is high enough that you won't qualify for financial aid (or you've saved enough in 529s) then it won't matter.

I've seen sellers be so fixated on a price that they give up closing a deal and wait months to get their desired price.

If you do not qualify, you would then look into if you would qualify with renting your departing residence. 75% of the lease will be used to offset that departing residence mortgage. as you mentioned the timing of renting the place can absolutely be tricky so you would hope you do not have to do this.Finally, and I guess would be sorta of a trick, but we do bridge loans on occasion in this case IF you can qualify once you get the property rented at market value even if debt to income ratio is too high before it is rented.

Quote from @Christopher Price: Quote from @David Rutledge: Hi everyone, I am as told to post this question here but I apologize if it’s out of place. 

Purchase price: $110,000 Cash invested: $60,000 Sale price: $225,000 This property has 2 units and 2 storage units creating 4 income streams.

Super new to BiggerPockets, and the forums came highly recommended for my situation!