@Robel NessroGreat plan. 

I have drafted plans for covered patios and decks in Coronado, City and County of SD.

Quote from @Allison Cutlip: Hi all, My boyfriend and I are buying our first home that is a duplex, planning to live in one unit and rent the other side.

Talk to your banker about your plan.

Then try to figure out if its best to have their funds go to a CRT or if we as a nonprofit can create a 403(b) plan for the investors.

Roll them all up and the averages are:purchase $154krenovate $47Ksell $232kThese are gross numbers, not including closing costs, borrowing costs, holding costs, licensing and permit costs, G&A, overhead, commissions, forward rate buy-downs, and lease-up fees, to name a few of the many expenses incurred. 

My current plan is to stabilize this rental and aim to buy one property a year. what do you guys think of this deal and strategy?

They’re too expensive and frankly create delusion. 

I would be planning to do some things before actually making an investment.

Padsplit seems like a neat idea to me, but seems expensive.