On the other hand, a cash-out refinance of your current duplex is another avenue to explore, albeit with considerations such as the risk of losing your low 3.5% interest rate and increasing your loan amount and monthly payment, thereby reducing your current positive cash flow.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Investment Info:Other buy & hold investment.

If I continue to pay the mortgage in the the seller's name (with out refinancing) would they claim the mortgage interest tax deduction or do I get to claim that since I am paying the mortgage and hold the deed to the property. 

Most bidders on there don't have an interest in a quick flip, they typically plan on fixing up and holding or re-selling.

On the other hand a line of credit might work for the down payment, but you will likely want to look for a private or hard money lender for the fix and flip portion and as a beginner, I would expect to put between 20-25% down and likely a bit more for closing costs and reserves. 

In this community challenges are seen as opportunities, for growth and setbacks as stones to success.Final Thought; Embrace the PathBrowards real estate market is like a thread in the fabric of life weaving tales of resilience, progress and boundless possibilities.So lets embark on this journey with optimism in our hearts ambition in our minds and excitement for what tomorrow holds.

For example you hold on to the land while they get plans approved and they pay a premium with a non-refundable deposit.

But I have been thinking of maybe sending hand written letters directly to the owner to try to get one under contract. 

But it is great for holding if your looking for longevity California City is a Retirement city but it has its attractions as well like silver saddle ranch that thousands of tourist go to every year from all parts of CA they just built the Best western hotel and its still standing.