Hello everyone,I'm an anesthesiologist trying to dig out of a mountain of student loan debt while supporting a wife and 3 young children in the Bay Area.  

I believe that every Landlord should contact their representatives and let them know that it is not right to collect a debt from the Property Owner that they did not incur.

Normally a HELOC they want to see equity and debt to income ratio.

So, if you believe in bad debt vs good debt, then use good debt to speed up success.

And, in comparing myself to most college graduates (who tend to have, on average, about $29k in debt upon graduation), I'm not in terrible shape. 

Once you have sold the property the owner carry becomes a debt instrument and is not eligible for a 1031 exchange on it's own.However there is a way to still combine the owner carry note with a 1031 exchange.  

A guy in SF with 5 or 6 properties is doing pretty well assuming his debt is under control.Account Closed that was a made up example.

The equity is the difference between the debt and the FMV.  

Is there a way to eliminate town homes and condos from the search? 

But I'll do the best I can to help from reading what you posted based on price it seems good but there's still a lot of unknowns, since your house hacking and it's a duplex this might be common sense but please check if you ever decide to sell the property would it be sold as one collective property for 150k or separate I mention this because it seems like you'll be using a hard money lender.Also when it comes to rehab if you don't feel comfortable estimating the rehab do what I have done contact several rehabbers and show them the property and get a quote estimate that way.Along with this to eliminate any doubt the most important information (depending on your exit strategy) is the ARV you generally get this information from realtors to see what similar properties have sold and how long does a similar property take to sell.