I need to know how to do a "Rent to Own" properly as part of the strategy for this unit. 

There were two section 8 tenants here as well, navigating those programs can be a great way to increase cashflow if you tenant screen properly.

lack of experience is the #1 cause - people will take a $20,000 class over the course of a week which focuses more on marketing than how to properly manage an asset and think they are ready. 

Some will allow 15% down with proper qualifications.

I gave Financial Freedom my credit card info so that they could bill me $3.95 to ship me a book.

So, you can put them in an LLC that you own 99% of and your wife/partner owns 1% and put all the properties on a 1065 Partnership return.If you have enough insurance, the proper coverage and avoid "dumb" mistakes that void your coverage, you don't really need an LLC.

Hi All,I bought a single family converted duplex 136k from a wholesaler  and spent 200k so far as I did not get opportunity to do proper due diligence. 

However, tracking expenses and properly classifying repairs vs. improvements can be tricky.

.- At that rent point, this property is cash negative when properly allocating for sustained expenses when financed at a high LTV.- 3 units have much higher maintenance/cap ex than one unit (not as high as 3 times the maintenance/cap ex but maybe 2.5 times. - ADUs are not valued the same as the square footage of the primary units. 

Proper onboarding is crucial.