From pictures the property appears to be 75% renovated.

. - this one of possibly thousands of small mechanical steps that go into the decision making process during renovation and flip projects.

With the duplex you have the option of renovating the side you are NOT living in first, so you can maximize the market rent value.  

The issues could have been left but that would mean not doing the renovations needed to get the ARV. 

You can definitely buy with less but you should plan for at least a medium sized renovation project. 

All renovations were done by them.

Bought Property #2 for $36k and currently have $5k worth of renovations on a 0% credit card till October 1st. 

This is a fix and flip with major renovations required to take full advantage of this property.  

I am only looking at a few duplexes / triplexes to purchase... renovate and rent out, with goals of turning it into much more.

So do a joint venture with the sellerUse private lending money for the 7000 renovation and get the seller more money, and earn on flat JV fee of 5 to 10,000If you are  licensed,  earn the commission too@Jj W.