My guess is it depends on the AMOUNT and TIMING of cash flow coming back to you during your holding period, which is what IRR measures.

Here's another novel thought...this one you MAY NOT be comfortable with, but here goes....see what Section 8 pays for rental units in the area the duplex is in....If it is MORE than what you are getting from the current tenant....if it is, raise their rent....if they don't like it when you tell them you are raising the rent....get them out of there...and put section 8 tenants in there.I have 8 units between Cleveland and the Sn Francisco Bay Area....half are section 8 tenants....half not....guess which ones give me the least amount of problems? 

For our situation, it would cash flow and the amount of equity we would receive wouldn't be enough to purchase another multifamily rental.Another option for you is to refinance into a new loan, rent the home, and use the refinance proceeds to buy another property.

Problem is the amount of capital required is fairly significant, with little garauntee of return if something went wrong.- Multifamily 4 to 10+ unit apt complexes.

I don't make a huge amount of money like a doctor or lawyer.

You can find the exact chart if you google "Texas veteran real estate benefits" but if you have a disability rating you can be exempt from paying a certain amount of money (thousands) in property taxes.

If you are financing just current loan amount its rate and term. 

I am new to investing and looking for someone that has a short amount of time to chat regarding a potential deal?

In my area and the areas I’ve looked at, I wouldn’t be happy with less than 13,000 a month in rent with the amount you are spending. 

.$4850 sounds about right...yeah, the amount is pretty much determined by the city...so just pay them so that you get your permit as soon as you can.