The rate I think is a lot higher and you will have PMI, which is like insurance that she will have to pay because she has less than 20%.So the only pro is that you don't have to bring a lot of money but that might outweigh the cons I posted if the property is in liveable condition and has all the normal items people will assume to have when buying, like flooring, appliances. 

I do not know the conditions of the two duplexes, but this is another possibility and can be used with 1. 3.

The housing may remain affordable, but it will result in worse living conditions and deteriorating neighborhoods.

It essentially says all individuals are 100% responsible for all terms and conditions of the lease.

However you won’t be able to purchase more with that income received and if people stop traveling to save $ then make sure to have ample reserves to weather until the next market cycle.As Grant Cardone says “cash is trash”.

I don’t know how one can be a PM and not focused on asset management AND property management @Nicholas R Paust - with inventory tight it can be hard to gauge rent well at the moment especially when you consider factors like area, amenities, unit condition against comps, etc.

This might invite a comparison on the rehab/condition.  

I would expect the rental rate to be closer to $1200 to $1400, depending on the condition (but, do your research.

The lower unit hasn't been renovated, so depending on the condition it may not get market rent and it would rent for less than the renovated units. 

He also talked about drainage and everything else that a inspector does and all of it was in a good working condition with no issues found.