I really want this duplex from a family member but the first floor needs the rehab and 2nd floor is ready to move in.

I am military and one of my favorite methods is targeting fellow military members and buying the homes subject to the existing loan since many members move every 2-3 years and often don't have sufficient equity built up to really make selling the traditional way and paying agent fees worth it especially if they bought using a 0 down VA loan which is very common. 

If people are looking to move there full time for a new job, I'm assuming STR is out and people would need a MTR while they're trying to find their forever home or a LTR if they weren't looking to buy.

Context- Where im looking properties that are good deals move fast.

I am starting to think of investing out-of-state and looking for some thoughts on investing out-of-state and finding an agent who can help find these out-of-state properties.Appreciate any feedback.Thank youHey Manmeet, totally can relate with you being from an expensive real estate market - I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

Maybe I moved in to it for 2 years with my wife and then sold it so 1/2 of the $ 1million was tax free and then did a 1031 with the remaining $3 million to pay zero taxes, if I was smart. 

If you have to, interview a couple until you find one that you "click" with. 2) Let that agent connect you with their network of investor-friendly lenders. 3) Meet with these lenders, have them talk over your finances with you and what loan products you would qualify for at the moment based on your income and assets. 4) Let the outcome of that conversation (#3) dictate your strategy moving forward and take your findings back to the realtor so you can craft a plan. 

So self insured or not, and corporate veil piercing or not, only 500k is coming from insurance.

Unfortunately, we bought the home when the rates were at all time lows, so selling or refinancing are not at all ideal at this time (I have been living in the home, she never ended up moving in, I'd prefer to stay with or without her at this point).  

Most condos here have Airbnb/short term leases blocked in the HOA rules though, I would check on that before making a move.