Quote from @Ryan Tongue: Hi all,I'm 23, bought my first three duplexes last fall (in a partnership, not the sole owner).

Perhaps one is in a better market (part of town) or something? 

Quote from @Drago Stanimirovic: Hey Abe,With that kind of equity and a 2.75% mortgage, you're in a great position, but also facing a tough trade-off.

But is this not in a big way defrauding banks  lenders or property owners managers when they pull credit on this person. 

@Ezekiel Trevino I lived in a 1908 mansion that was haunted.

By less expensive area, I'm guessing you mean the cost of housing in that area is lower, not buying a house in a rougher area (the latter is not a good idea).Start by talking to your bank to find out how much you are qualified to get for a mortgage. 

@Frank MartinezYou're in a great spot to start—$14K saved, two W2 incomes, and a motivated partner.

In a limited partnership, for instance, personal exposure can be reduced.

That discipline puts you in a stronger position than you might think, even if it's making financing tricky right now.You're right—many hard money lenders want to see at least 2–3 trade lines (usually 12–24 months old) to evaluate creditworthiness.

When attending a Real Estate Meet Up, even in a casual setting like a golf simulator bar, it's generally a good idea to aim for business casual attire.