I am beginning my journey on cold calling absentee and out-of-state owners and if I could be 1:109 to start I'd be floored :DAgree with you @Jonathan Greene, I will be focusing on obvious signs of neglect from absentee / out-of-state owners or owners who are entering the later stages of life who may just want payments rather than tenants.

I recently partnered with my contractor on a flip, he is also one of my close friends and we trust each other, but it has been good because our interests are aligned. 

The rate jumping from 3 to 7.5 jacks up the mortgage payment too high so I've decided to just sell it.

Do you have a trusted contractor? 

Duplex house - 2 units both 2/1 (good condition)Estimated sale price $310kQuoted payment 7.5% (25% down)$2068.96/month (assuming $150/mo for insurance and $293/mo for taxes)$87,149 cash to closeAnnual cash on cash return 3.6%cashflow $252 monthlyBoth units currently occupied and lease signed through April 2024I will be using property management for this property because it’s out of state for me. 10% fee. 

Refinancing to conventional and dropping the PMI may help reduce payment which the higher balance might level out my guess is your PMI is about $215 a month.

It’s possible trust me. 

If you or someone you know and trust would be interested, let us know!

As where a traditional investment home can be worth a lot more money which requires a higher down payment etc. 

@Alex Weslingso actually I'm planning to move and live there since one of the tenants moved out so I'll go and live there so one of the properties will be only 5% down payment the other property is just 20%.