I plan on occupying the upstairs unit until the tenant’s lease expires downstairs.

Good luck.If you're planning on being an LLC, do that first before all of the above.

However, there are also single family properties that can offer great returns as well.As for navigating buying a duplex with tenants, it's important to do your due diligence and review the current lease agreements to see if they will fit your plans as a landlord.

(new flooring, new kitchen remodel, new bathroom remodels. )I’m trying to decide.

Not looking to game the system and using the property for ourselves is part of the plan as it's where we normally vacation anyway, so considering that the 10% down payment is much more appealing if we are able to balance out the rules and keep the cash flow positive. 

If you plan to scale your vacation rental empire you may consider outsourced management.

I plan to use this home as a long term rental.

Hi BP,We just purchased a mixed-use building with 7 units of retail on the ground floor (13,000 sq. ft.), office above (13,000 sq. ft.) and a really cool basement (8,000 sq. ft.).We bought the building vacant except for one tenant, a nail salon.

I plan to rent for a year if I do sell this.

2014The plan: Fix credit (destroyed from divorce and stupidity of a youth misspent).