This might not be ideal to get started but its a thought

[Ryan Hoehn]

Theres a duplex for sale in my area that is fully occupied. Tenants have been there for awhile, pay on time and maintain the lawn. They pay gas and electric while the current landlord pays water/sewer. 

After taxes, water/sewer, and insurance, it comes in at a 7% cap rate at the listing price. 

Buying this would have instant Cash flow, but would it be a solid first step to jump on being that I'm currently living in an apartment since September while waiting to see if other duplexes pop up or buy a temporary primary to renovate and BRRRR.

My minds all over the place with trying to figure out the best move and strategic route to take

[Mitch Messer]

Quote from @Ryan Hoehn:

Theres a duplex for sale in my area that is fully occupied. Tenants have been there for awhile, pay on time and maintain the lawn. They pay gas and electric while the current landlord pays water/sewer. 

After taxes, water/sewer, and insurance, it comes in at a 7% cap rate at the listing price. 

Buying this would have instant Cash flow, but would it be a solid first step to jump on being that I'm currently living in an apartment since September while waiting to see if other duplexes pop up or buy a temporary primary to renovate and BRRRR.

My minds all over the place with trying to figure out the best move and strategic route to take

You say "After taxes, water/sewer, and insurance, it comes in at a 7% cap rate at the listing price."

That's interesting, but "cap rate" is not a rate of return to you as an investor.

I suggest you consider the cash-on-cash return (cash_flow / all-in_cash_investment) instead.

For cash flow, you'll need to also consider management (yes, even if you do it yourself!), maintenance, vacancy, and capital expenditures.

For all-in cash, you'll include purchase price PLUS closing costs AND any necessary repairs.

Run it this way and I bet this deal barely beats inflation!