Heat gun can damage the wood.

I am the owner of Sher-Wood in Las Cruces, NM about 45 mins from El Paso.  

Here is what I am looking at:Purchase Price: 150-185K Duplex with Garage.Area Rent: 1000-1200 per unitDownpayment/Closing Costs: 8-9KMortgage Payment(Includes taxes, P&I, home insurance and PMI): 900-1100 per monthInitial Repairs: 2kLeft over Cash: 7KMy thought is to purchase as an "Owner Occupied" (that's how I would get the 5% down). 

I was thinking of trying to get a conventional loan and then owner finance another property, or just owner finance both.

Owner has never lived on this property and has owned it for 20+ years.320 acres/ half sectionThanks!

I'm not using an agent and home owner is not either. 

If you can get a DIL and the value is there, the BPO checks out, and your at a great enough spread and have $5k into it, I would consider owner financing it to someone like an investor or maybe a land contract if available, with enough down to cover your cost.Then you have your money back and their payments are gravy. 

I’m a new investor that is looking for my first deal.I have come across a duplex listed for sale by owner for $135,000.

I’m a new investor that is looking for my first deal.I have come across a duplex listed for sale by owner for $135,000.

So this specific person at this particular company has experience in helping a property owners (who aren't otherwise contracted through property management already) vacate tenants, so essentially just using the property management for the vacating process rather than managing the property through a lease being that this property is a fix an flip and not a BRRRR.