Any info is appreciated.

In addition, the Grantor will probably be required to sign the same seller's affidavit that are needed for a non DIL closing. 

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I've got about $525K in equity in the property, but lenders have told me that I cannot get a HELOC to access that equity for additional purchases because the duplex was financed as an investment - they have said TX law dictates that HELOC can only be used on primary residences.

Be sure that you are honest from the jump, your estimated rate are only as good as the info you give them.

@Jerry Zigounakis here's some copy & paste info we hope you find helpful with your challenges!

A PM offers so many additional services in addition to things you cannot do yourself - like simply having a 3rd party between you and the tenant.

Additionally, it's easy for a house on one lease to get absolutely trashed by the renter.

And when my tax info (K-1s) have come out they have sent me K-1's with other people's private info.

Furthermore, whole note investments benefit from an additional 0.5% annualized yield and are entitled to a share of any extension fees charged to the borrower."