I told them it was relatively mild compared to some stuff I’d seen doing work for the PM.

Compare that to putting in 100k (out of pocket) and you get a 7% return.I'm looking for advice on whether or not this is a good idea, pros and cons.

@Shawn Clark1-4 unit properties are valued using recent sales of comparable properties.

Zillow is clueless with duplex.The upper cap is SFH but how lower should a duplex be when comparing with a comparable specs SFH?

My inquiry is based on the water and sewer bill we received for a time period where the bank owned the home, prior to us closing on it that was billed to us from the city after we closed.

I pay interest on the money while it's in use, secure it with a note and deed of trust on the property, and then split the profit's 50/50 or in proportion to the amount of the investment compared to the total cost. 

It's been very educational scrolling down every thread title updated in the prior few hours, and clicking on the ones that interest me, to read responses from others, to learn, and to reply if deemed relevant (with occasional humor thrown in).

Any suggestions in dealing with HOAs that are not willing to discount the back dues owed, even from their failure to prosecute the delinquent prior owner only because their CC&R allows them to claim everything and the kitchen sink?

So, we are really just comparing profit options.It would take you 40 months to make up $131K with $3,200 in rental rate, just figuring the rental rate alone without expenses and mortgage payment. 

I agree with the prior responses regarding property taxes.