The 50% rule is related to expenses, which does not include debt service, so your down payment won't affect that.If you're not planning to live in the property, you will have to put down at least 20-25%.

@Steve Balinski If you will be living in the house, a roommate lease is the way to go.

No one going to want to live there, they'll have to live there.

We lived in it while fixing it up and planned to remain in it as our family home but circumstances changed and we ended up selling it for a great price and buying into our next property.

I'm posting here in Houston because that's where I live and where I want to meet people, but the DFW market is a lot like the Houston market (similar tax rates, yields, and median prices).

I know they are rentable because a friend lives in one similar to the one that is 75k, from what I've heard is people own them and can rent them out.

Currently own one duplex which we lived in for a while, but are now renting both units with a nice monthly profit. 

If you lived in the multi you could get a HELOC....

Yea I actually plan on living in it as I fix it up

Hi all need help.. i live in NJ but i am hearing i will get more protection if i create my llc in a state like Nevada and just register in nj as a foreign entity, which i believe will cost more since i now have to pay two states fee.