Based on the limited info - back of the napkin says not to go any further on the duplex you're looking at unless you have deep pockets to carry it while you wait for the capital gain.

There are plenty of offerings out there that will target 18%+ but you could have the same chance of losing everything as getting 18%.You looking for cash flow play or an equity / upside play?

What's up Jad, I'm 24 and a broker based in Sacramento.

I wrote a book called the Turnkey Revolution in 2017 and based a lot of it on advise I've given here on BP.

I guess the key question is will you be using this property as a 'home base' throughout your nomadic travels and how long would you like to keep this property as a home base? 

@Caio Ferreira TorresHouse hacking a new every year is a best base scenario, but it rather difficult for all the points already listed.

I am thinking the following:This would be a wrap around mortgage as I still owe $165k on it.Sale Price $245k (market price)10% down ($24,500)10% Interest 30 year (please tell me if thats a bad idea)Monthly payment based on 30 yr ($1930/mo + tax and insurance) = $2448/moPlease let me know if i left any pertinent information out.Any sleuths out there can check it out. 🤓 (1032 E Tucker St Fort Worth, TX 76104)

Once you have equity in your first home you can then start to play around with things like HELOC and cash out refinance. 

After all, I paid county taxes based on that.Or, if we were mandated to use the acquisition cost (195K), shouldn’t we apply the same percentage to it (as in 78% of the purchase price)? 

Have to know who your take outs are for DSCR and make sure they offer over 1 and under 1 DSCR as well as no ratio so there is no risk for fallout . issue is that since the market turned a lot of LO's/Brokers have been trying to play in the non qm space and thats who is having the issues .