Investors who sell properties like this have given up so you either go way lower and handle the squatters or a little higher and make them deliver.

. $790k turning into a multimillion property seems like it's too good to be true.

But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less)     *new siding 30k (just put on a new roof this year)     *legal 10-15k     *fire proofing 15k     * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home     *big grocery store put in 3min away     * newly paved road in front of my house     *a building that was falling down across the street has been torn down          * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.

How likely is it to get a hard money loan with no money down for a rental property?

You willl most likely have to change to a dwelling fire policy.  

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Thanks for the info, and I would think a prospective seller would likely hesitate to use a listing agent that is unable to list their house on the MLS.I read that some virtual brokerages will allow you to join them without being a Realtor and list properties on MLS through them.

Sounds like what you really need is a feasibility study.  

Hello All,I would like some recommendations on real estate/property management software for residential and commercial properties. 

Deals like this don't come often - need to have liquid cash to be able to jump when the opportunities present themselves.