I’m looking to buy my first duplex ( Erie, pa ) and could really use some insight from folks who’ve gone the creative route with financing.I’m a self-employed business owner (no W-2 income), so I usually qualify through bank statement loans.

I have been spending a great deal of time learning, observing, and even placed my first offer on a property that penciled above the 1.0 ratio for my pre-approved DSCR loan.

If your doing section 8 or C class or lower even B class your just going to have 2 to 4k turnovers it just is what it is.. used to be 1k turnovers but things have gone up.

There are TONS of first time home buyer programs out there.

No.My experience is very different, but I had taken classes on how to maximize insurance claims before I made my first claim.I've since made about 8 insurance claims totaling over $4M. 

Brian Burke is making a play for this asset class and he is pretty darn Smart !!! 

Perspective: been managing Class A-D for over 25 years, so we've learned a thing or two - often the hard way.Our lease states:1) Rent due on first, with 5-day Grace Period2) Late on 6th3) Can charge daily late fee after 10th4) Is very specific that Grace Period can be rescinded if abused (defined in lease).We've learned to leave NOTHING vague and define everything EXTREMELY well so tenants and judges cannot misinterpret!

This whole experience has been a big lesson for me as a first-time home buyer and investor, so hopefully someone can learn from my situation.  

(mind you this is for a 980sqft house in a class B neighborhood...) 

Seven years ago when I first moved to Oregon my theory was: "If you own a home and land anywhere desirable in America in twenty years you'll be considered the exception."