We're either looking at renting out our current SFH or buying a duplex and house hacking. 

I had lived in my house for about 5 years and had 60k in equity.

Florida is ripe for investors now as most areas are going through a value decline right now leaving a lot of inventory on the market.

I got a quote stating that they could give me an LTV that would cover the purchase price of the house + closing costs ($86k), which is roughly 66% LTV.The ARV of the townhome should be roughly $130k.

You will have to go and leave any unused amount you got in your BatchLeads Wallet.

(edit: the property can have up to 3 units built on it...house with attached separate apartment + unattached ADU)Of course, other people are telling me to park my cash in a high yield savings account and just chill LOL, but I'm not really comfortable with that either as an investment strategy.

We live in an area where prices for houses around around $700-1,400 a sq ft (and climbing!) 

Knock on your neighbor's door right now and ask him to sell their house for 30 cents on the dollar.That is an off-market HOUSE, not an off-market deal. 

I know in Oregon there are limits on how much you can raise the rent regardless of how low the rent price is and you have to pay the tenant to leave if you are not renewing their lease.

I’ve double checked comps from houses that have sold the last 3-6 months.