Duplex

A building with two separate residential units, either side-by-side or stacked. Duplexes are popular for house hacking and small-scale investors. In Memphis, a duplex in a Class B neighborhood might cost $140,000-$200,000 and rent for $800-$1,000 per side. Financing is straightforward with a conventional or FHA loan if owner-occupied. Two income streams from one roof.