The lack of professionalism these days never ceases to astonish me.

Did calls continue to roll in?  

We have already discussed having a real estate attorney draw up an llc which will define each of our rolls. 

Be sure to check out University Circle or the Rock and Roll Hall of Fame.

I am ok with a modest profit, especially because I have found an 8 plex I want to roll the money into, but I do not want to change the price too drastically.  

Note I assumed 146k note on the refi to take into account that you will probably roll the closing costs into the refi.  

If you reckon that you NEED an added unit to rent out, do you really think that the cost of buying your forever-duplex will be EASIER in 8 years time, even given your planned "low ROI" interim investments that are aimed at starting your equity-ball rolling?

It never ceases to amaze me what you can find on Amazon!

The expense will then become part of the basis of that property.That's the technical answer.Realistically, if we're talking about a small amount for Lost Earnest Money or inspection, many people either roll that into the basis of whatever property they buy next, or expense it as I've outlined above.

Reinvest ... go for the Ferrari ...... or the chauffeur driven Rolls ... ;)