You will also want to know what typical vacancy rates are like in the area, the terms of the current leases, what capital expenditures he has done recently.

If you find a great deal on a 4plex where you live in one unit and the other units provide you with total coverage and extra cash flow per month; then you CoC return is essentially infinite (assuming you got your closing costs covered by the seller).

Typically each condo has a few units in the building sitting on the market.

That way you are more prepared and can ask better questions, and essentially get more value out of anything should you decide to invest in your education.

I know typically a duplex is more expensive then single family homes.My question is, is it easier to get conventional financing for that types of properties because of it's potential to produce cash flow,or at last reduce what I'm paying for the expenses out of my own pocket.?

Essentially im looking to build a team to get this started.

In order to break a tenant's lease, I typically arrange a sit down with them, and ask them what their plans are.

On a typical leveraged acquisition of a residential multifamily we look for 15% Cash-on-Cash...once you climb over this, you're probably getting into the D-class assets that are too much hassle for the returns.

You typically will need to come to the table with 25% of the projects costs and can borrow the other 75% from a hard money lender. 

Typically it’s 75% .