Could be an option for you there in SD...

Of course, this won't work for everyone but I do think it's a great option! 

I will definitely need lending.

A lot of options and it depends on your goals.

I think I have two options.

Hello, I am looking at 2 properties, one 2 unit property that I have put in an offer of about 120k that can generate positive cashflow of $600 per month and another which is a 6 unit property where I have put in an offer of 350k that can generate $2000 cashflow.I have a bank ready to lend a mortgage at 7% for the 2 unit property.

@Phil AveryConsidering your financial situation and the current market conditions, each of the options you're contemplating has its own merits.Given your inclination to begin with a significant amount of equity, option 1 may be a good fit for your objectives.

Upon retirement, I have the option to allocate a significant portion of my income to pay off all four properties.My inquiry arises from an opportunity that recently presented itself: the chance to invest in new duplexes in Indiana.

BUT I would NOT give 50/50, maybe my lender gets 25% of the profits for lending the money and SOME carrying costs.

Is private lending more cost effective and flexible than hard money lenders?