Might be overkill for only having one duplex though ...

LLC's and entitiesThe last one is often a bit of an overkill if your net worth is less than 7 or 8 digits.

Yes, you are running a business but treating people well (no matter their situation/background) is something that many professional property managers need to take note of and most people don't even realize how amazing the ROI is on kindness.I would say that giving till the end of February may be overkill though...

I think a lot of people think about buying single family under an LLC thinking it gives asset protection but it's over kill in my opinion.  

Hiring a lawyer to perform these tasks you mentioned is overkill and will needlessly eat into your spread.

But, more importantly, the wrong lawyer can needlessly put you in WAY over your head in overprotecting assets (like some lawyers who argue broadly for series LLCs, which are likely expensive overkill for most investors).

That might be overkill, though.

Originally posted by @Robert Webb:@Jay HinrichsHaha, I wish we didn't use attorneys lol, most attorneys only make things worse (sometimes I cringe when I see who is on the other side) I just got my license in PA and did my first sale there and no attorneys, so much nicer.But in North and Central NJ, it is typical for both sides to have an attorney review the contract and the standard contract gives an attorney review period upon execution.The agents ratify the contract and get it signed, but during the AR period, attorneys have a chance to make changes on behalf of their clients and during the AR period, either side can back out of the deal for any reason.Worth noting, that depending where you brought in NJ, Southern NJ does NOT use attorneys in their transaction.For clarity, I am both a Seasoned Realtor and a newer investor.I get the AR  that happens in IL and SC  too many cooks in the kitchen for simple real estate deals..  2 agents buyer seller two attornies to me just over kill.. do the contract buyer and seller agree sign off and that is what escrow is for.. to follow contract and escrow instructions.. not to interject their own agenda  LOL 

Dodd Frank compliance and docing 43% DTI is on PITI not just PI.This all seems over kill for you being the buyer. 

If you are talking about small properties (1-4 units) then it is over kill.