If you ask seasoned investors about their regrets, most will say they should have started sooner.In other words don't overthink it, take advanatage of the low rates, find a lender who can do 5% down conventional and buy the best duplex you can afford: try to get one that is large in size, is in good condition and at a good location.

@Alexander Felice thanks for your response, I have 30 yr fixed conventional on my primary home , about 530 k left at 3.75% and looking for 30 yr fixed ,close to 3%(if I can get in near future ) as I am just about 30 months in current mortgage please suggest what is the optimal way in terms of fee and addition to principal lender put.also, what are the scenario when they don't need to get appraisal done ?

Also considering FHA vs conventional loans. 

Built in 1926  @ $195kI am 27yr old and just got pre-qualified for a $250k+ conventional loan but the woman I spoke with said I could probably go higher if I want... that aside...When I saw it posted about a month ago it went "contingent" after about 2 weeks but is now back on market which makes me wonder whyAt least for the sake of deal analysis, I want to call the listed agent but I would like to be prepared with questions so i can speak more confidently.

When I go to refinance the house it will appraise higher, I will pull out capital and apply it towards my next home as well as be able to recycle my fha into house number 2 while changing house number 1 into a conventional loan, and than repeat that whole process.

Is this something we'd run into with other conventional mortgage companies and banks, or perhaps just Quicken?

Good rates, but a couple points on a conventional.

I also am approved for a conventional only 3% down, so that gives me room for utilizing the money I've been saving to begin the renovations without being charged interest on that money. 

Hopefully this is a 2,3,4 month issue, but they cancelled the British Open, political convention, and I fear the NFL is in real trouble.

@Mike TeriIt's going to take some time to find a sustainable path forward as even the A Paper Conventional Mortgage servicing sector is severely threatened by the stimulus package and it's forbearance allowances.