@Jeff CopelandYes, both properties sit on the same parcel.At the current condition the duplex is in, I dont think it would refinance for the amount needed to purchase it.

I have a tenant I need to try and renegotiate the amount because it is not profitable for me to rent at the initial negotiated amount.

There is always a good amount of people willing to rent per room.

If so, what down payment amount was their rate quote based on or what LTV was it based on?

Getting a mortgage in my personal name is not an option.I’m preapproved for larger amounts.

There will be a moderate amount of rehab.

Continue to save the same amount (may take 1-2 years) and repeat. 2.

Seems unlogical to take a property that I paid for at the bottom of the market and then take the equity and buy at the top of the market, but if I can own multiple properties or do something else with it then maybe the higher debt amount doesn't matter? 

This person has spent a significant amount of time working with us and I don't know how I feel about cutting ties with him.  

That way you can still back out if the inspection shows massive costs to repairs, yet make the seller take your offer over others.