You will have to switch from a homeowner’s insurance policy to a landlord insurance policy which covers rental specific risks.3.

The unit I live in can get 3500/month in my area.I can refinance to get rid of my FHA and PMI on MF 1 and use an FHA to get into MF # 2.MF 1 rental income will cover my new mortgage payment with cash flow and I can grab my second MF.Any thoughts?

Current lease agreement says tenants will cover utilities. 

Hear from Mitzi Taylor, Broker/owner in her home town of Pea Ridge; Lori Hawkins and her husband handle Madison County residential and land listings for Smith & Assoc with major focus on Huntsville; and Robert Smiley of McGraw Realty covers Siliam Springs as well as Eastern Oklahoma.

Like already mentioned there's not much to do....2 days exploring the area would cover everything. 

Factor in the down payment, closing costs, and potential renovations.Cash Flow Analysis: Ensure the rental income from both units will cover your mortgage, taxes, insurance, and maintenance costs, leaving room for profit.

I know my mortgage payment would go up the amount of rental income I receive should cover that new payment with their still being some cash flow.I would like to get out of my current FHA so I have the option to use it for my next MF purchase (if that is even allowed I am not sure).My question is what am I looking at currently for rates on 15 year refi conventional loans?

@Alexander F PollockYou may lose a tax benefit of a stepped up basis for capital gains purposes transerring interest away from her parents.Also consider conducting a judgment searches on all parties to the transaction to confirm there will be no title problems for would come up when the LLC sells in the future because you will not have title insurance to cover prior owner issues.

I purchased a duplex in May of this year and moved into the bottom unit with the intention of renting the top unit as well as the sf I moved out of which would put me in positive cashflow (the top unit of the duplex does not cover the duplex mortgage entirely on its own). 

Register for courses and mentorship covering the BRRRR method and Subject To financing to become a multi-millionaire & reach financial freedom at an accelerated rate.2.