How you split up the equity will really depend on what weight of importance you want to put on each task of the deal.

That said, most go ok and the appraiser should be able to adjust for condition and location if the comps in the area are not that similar to the duplex you are buying.On condition/health and safety, the appraiser is tasked with looking for hazards(for example a missing hand rail on the steps or a hole in the floor) and with checking to see that your major systems work. 

I would love to gain the experience in this career whether it be working on getting deals or simple house cleaning tasks.

Learned a lot about property management and delegation of tasks and jobs during the refurbishment.

Learned a lot about property management and delegation of tasks and jobs during the refurbishment.

I saw 4 plex is contingent for $349,900, it's on the market for 34 days so I think they are out there, it's matter of time until the next one shows up.Good luck for your adventure and I'd like to learn how long distance investment works also. 

I would expect getting a good return with leverage (over the entire lifecycle of the investment) to be a more difficult task, simply because of the risks involved.

As you grow bring on an assistant to help write offers and do the data entry tasks.

Welcome to Atlanta and good luck on your adventures!

Your replies do make me feel better heading into this adventure.