We are using a conventional loan to cover 80% of the deal.

I'm very new to the agent side although my wife is a real estate agent however we are currently living in the UK (the only country she is currently qualified in) with the scope to be in Canada within a year.Many thanks in advance!

@Frank Fan, Generally contributions of property into an entity for membership interest do not create a taxable event.  

We are also looking to purchase a second multi family at the same time which I am fully prepared to put 20% down as long as the initial duplex is 5-10%.Many thanks,Phil.

Their lease is up at the end of this month and they are moving on and we are currently marketing for new tenants.All in all, our first 14 months as real estate investors has been an exciting journey!

We are located in California.

Welcome Anthony, We are glad to have you on board!

So we are paying higher interest.

My program for my clients models the "BRRRR" strategy and we are having a ton of success with ROI's in the mid-teens on a consistent annual basis!!

Thanks for sharing the details on your purchase I would be curious as well to see how the project went now that we are couple months out?