I have an opportunity to purchase an off market duplex in Clearwater, Florida. The purchase price is $375k. I am able to put 10% down. The seller is willing to carry a 15% down which would give me 75% LTV. I have good credit and currently own my own home and another rental property.
This duplex is occupied by 2 renters, each paying $1400 a month for a total monthly income of $2800 a month. The p…