Plus we can also use 75% of the going area rents in the area as part of your income to qualify.Regarding the student loans, Fannie and Freddie both require 1% of outstanding balance for student loans if payments reflect 0 or are deferred on the credit report.

Ask them about any deferred maintenance that they know about (future projects).  

@Mark HamrockThe SEP IRA has to be rolled into the Solo 401(k) on a tax-deferred basis. 

May have to adjust for upside / deferred maintenance. 

I was wondering if buying all brand new appliances for 5 apartments would be tax deferred because of a capital improvement.

I live in the world of 1031 (personally and professionally) so I am biased but I have yet to find a strategy that has allowed me to defer and eliminate so much tax over time yet.To put @Justin R.'

@Jorge Jimenez - a 1031 exchange allows you to sell your property and use the proceeds to buy a larger property while deferring the taxes. 

If you decide down the road to sell it, you could do a 1031 exchange and defer the tax implications. 

You mentioned the duplex is in great shape so capex and repairs will be minimal or deferred for some time.

That's news to me but I defer to you @Jay Hinrichs!