You'll need a strong lease and you'll need to have the backbone to enforce the lease essentially dealing with your peers?.

**Steps to Start an LLC**: What are the essential steps involved in setting up an LLC for real estate purposes?

No experience with it, but I know there are franchises like Motto Mortgage, that provide mortgage in a box essentially, or check bizbuysell and see if there is an existing firm available for sale.

If you walk streets and drive 8 hours a day to net average of 1 deal per quarter @$10K assignment fee, then you are essentially working for free or for very very low compensation.

I like the projects feature available in Plus that Simple Start and Essentials doesn't have.

So essentially you can only put half of the property into the LLC, which might work for tax purposes (sort of), but doesn't work for liability at all since you can't usually put half of a duplex into an LLC as a separate asset.I do recommend that you keep a separate checking account just for housing expenses because it will really help you come tax time.  

But essentially, it’s costing me almost $190/sf to build the buildings.

Giving up a bathroom at first and maybe a room later to increase this area demonstrates a calculated approach to realizing the full potential of your property.It's important to think about a few important elements before making any selections.

On the flip side, if I keep the property and rent for the above values, I would be paying off the debt every month from the income, essentially making me debt free due to the payments being covered, and I keep the asset, which will start cash flowing a lot once debt is gone. 

The family member needs the money now and is looking to rent as opposed to finance another home.I'm essentially playing seller and buyer.