The point of the contract is to provide value to both buyers and sellers and  this deal saves the buyer over $1M in interest and easily $100k in furnishings while getting the seller their full equity and saving buy side/sale side realtor commissions.

A duplex strategy is a low-risk entry, saving on living expenses.

If you buy the existing furniture, it’ll save you time and let you start hosting sooner, especially if the permit comes through quickly.

You can buy a house that need lots of work that's another way, do as much work as possible be the project manager how ever you can help to save money .BIG pockets can jump in on a MLS ride it out .

This implies paying down is saving 6%.  

If you can save up for a slightly higher down payment your margin for success will be significantly higher.Also, I strongly agree with the "buy the worst in a great neighborhood, live in the worst unit of the triplex and slowly fix it up yourself."

Yes because lot of time and energy save we hire team for fast work.

There was an article published in Sept 2024 that showed the average consumer would save over $10,000 by working with a broker vs a direct lender over the life of their loan.

I'd like to keep savings and be able to hire out some of the work (something we have not done in the past).My thoughts are to put both into an LLC and look for investors or a business loan, and purchase and move to a new home.

Here's info on screening tenants here from BP - and a link to a screening partner.BP's Tenant Screening - Ultimate GuideGood luck.