Your ineptitude may amplify your losses:(You're also jumping to assumptions.We've had out-of-the-county investors that we could NOT legally send funds to because they hadn't supplied us with the IRS required documents - and they didn't respond to our numerous communications to get them.Once we obtained the proper documents, we sent them their funds - by the way, we did send monthly Owner Statements, so they had the info to see what was going on with their portfolio.So, that brings up another question - what information have they been sending you and when have they been communicating?

Just want to be careful on which broker/lender you use because some of them have a prepayment requirement and try to stick you with a 3-5 year prepay.There is also a 40 year I/O interest only but its only fixed for the first (10) years.Make sure you know how many months reserves they require before you get to deep into paying for the appraisal and then find out the deal is cancelled in underwriting.

Properly accounting for these expenses ensures an accurate assessment of the deal's profitability.Cash Flow: Have you calculated the potential cash flow from the duplex?

And often times pay for it.

@Eyong Agbortogo Estoppel agreements are used to clarify things like if the tenant has a security deposit, what they pay in rent, if they are month to month or under the impression they are on some type of annual agreement.

As long as you have an exit and do not get stuck with the penalties and interest if you do not pay it off in time, its not a bad idea.

But if I needed it to pay for itself I'd be divesting and probably losing 30-60k of principal besides right now.

You can also check out Rabbu.com however I wouldn't shy away from paying for data from AirDNA or STR Insights. 

We are willing to pay $5,000 up front upon entry of the deal.

By having more tenants there are more eyes to watch for issues that may pop up, more people paying rent, and if you have one of the units vacant for a bit, it will not hurt the bank as bad as it would if you only have two tenants in the building and one of them left.