Hi everyone, I am close to investing in my first duplex buy and hold property and have a few questions for experienced investors:1. the duplex is currently owned by turnkey supplier.Based on BP rental calc, the numbers seem to work out okay for my goals.

Just wanted to learn how the research go and did it work out.

The key is knowing if a national or regional tenant would want to go in there.Larger spaces I have seen entertainment complexes, workout facilities, churches, indoor trampolines, outlet stores, etc.Additionally you can take a large space and cut it up to lease to multiple tenants at higher rates per sq ft.   

Make your best offer and something will work out for you!

It seems to me that getting the right team in place and making sure your numbers (total acquisition costs, rehab budget, ARV, COC, ROI,etc) work out are the main things to solidify here. 

Insurance is going to be your main issue, as it is costly and having been on three boards, we were risk averse to changing it or losing it as I recall insurers bringing up details from bbq to pets, etc. and when you have a claim, really it seemed a struggle, and if they can get out of paying they will..even got dropped once...Maybe have the master policy professionally examined to see what is allowed and, worst case, explore if you can get legal help to work out a mechanism to hold the association harmless (be it your own policy, plus umbrella, and maybe indemnify the association for any claim)....some great advice here and some firms may be more willing to write the policy.

I have a prospect investor but I always like to have a Plan B in case things do not work out.

I have a prospect investor but I always like to have a Plan B in case things do not work out.

The tenants would need to work out any deposit reimbursements amongst themselves in my opinion.

I've never run across this situation in this particular area and I'm trying to figure out how the numbers seem to work out well, the rents have remained pretty consistent, yet the price is beyond what it was at the peak in 2007.