If I give a free month as incentive I am guaranteed the lose of $3500, if I take the gamble and not collect the deposit, I’m hedging my bet that the tenant wont trash the place, and therefore less likely to lose $3500 bucks. 

@Pundari Pothini, I know that you said passive opportunities do not suit your style (I'm assuming you mean syndications), but have you explored the option of joining a syndicator with a more active role?

When we originally purchased the property it is was not in the best of shape, but we cleaned house and we are actively renovating and beautifying the property.3.

Now if you're investing to be hands off that changes things a bit, but you seem to be doing owner occupied units so I'm betting you are putting in some elbow grease.  

I'd place my bet on SFR w/ ADU over duplex, based on what you've said, but the price of the opinion that actually matters is going to be an appraisal fee and waiting for that to come back.

You don't lose any money by doing that, of course, but you don't make any either.I know the reluctance to condos runs deep, I bet well more than 80% of real estate investors share that reaction, but I wonder if it's from their experience or if it's just that they are repeating the same thing they hear from others.

And, some areas of Pflugerville have a lot of competition, so make sure you compare your asking rent price to similar homes that have already rented...not only to homes that are actively competing with yours. 

those are all Morris invest markets that is what I bet spurred this question..  

I have a loan strategy question that I bet will help a few people in similar situations! 

Once you have those things then raising money becomes very possible.If you are in the beginning stages then you're best and probably only bet to raise money would be from family or close friends.