Hey @Nick Gallon Martin, I recommend speaking to a Tax Planner/CPA, @Jeff Nash would be a great resource for you.

Avoid basing it on uncontrollable factors like taxes or insurance.

In The Tampa Bay Area local investor in the items inside the home/business but looking to get with the right people to build a team.

I would like to build a duplex on it for long term rental income.

.🏗️ Building Equity While Others PayWhen your tenant pays rent, they're helping you pay down your mortgage - building your equity.

Please double check this and make sure that wasn’t the amount for the raw land prior to the build.

Had to negotiate to 999,000 only to stay under the NYC luxury tax.

Often times you will pay much more in taxes than if you pulled the money out, paid the taxes and penalty and then started investing in real estate.For example, with the financing you mentioned, the IRA must pay taxes on the portion of the profit earned by financing. 

If you had 150k you could buy one 400k property with 8k property taxes that rents for 2500/mo or you could buy two 200k properties with say 3k property taxes per month each renting for 1800.

but if i go in a LLC with them i get hit with the tax from the sale of the homeThe GC and the flipper were just going to split the profits from the sale of the home and they were going to pay me 2%/12% for the duration of the build.