Know we have both been burned by someone not valuing the other?

In the event I'm a big fat failure they can foreclose by doing an SPE (Special Purpose Entity) Transfer of the LLC in which they become the managing owner and it doesn't affect me personally.

@Matthew Burns It's so awesome that you're wanting to start so young!

Probably their duty to hold the last months rent as it “has not been earned” at this point.....your duplex could burn down, flood, etc and not be habitable.Good luck having no tenants, let alone college kids, not smoke pot.

@Robert Burns I'll let them prepay or buy down (however you want to look at it) the rent.

Well, your gc’s liability isn’t going to cover vandalism,theft, your liability or vandals burning your house down......

I’m trying to find more deals north of town because I’m so burned out with getting to Austin.

And they tend to burn out after a year or two and have to take a break for a year or two before trying it again.It's not as easy as people make it look.

A dwelling with lots of drywall holes will burn markedly faster than one without.  

@David Burns will do!