@Trexie E. 

When you know the facts (like if this is a good investment or not, if it would cashflow, what is the best strategy to use in such a case) you will be in a better position to decide if you even want these properties.I would also recommend you, or your family members, read @Mindy Jensen's book about selling a home, available on Bigger Pockets. https://www.amazon.com/Mindy-Jensen/e/B078NHMXVTGood luck!

Of course, with e lower end finish you can pay less. 

Rental income and expenses go on schedule E.

. , If you will not have an LLC, you will report the activity of two duplexes on Schedule E of 1040. 

Specific repair projects and supplies, maintenance that are property specific are listed on the Schedule E for each respective property.

Originally posted by @Trexie E.

So, we certainly feel comfortable w/this approach w/safe leverage > 1.3 DSCR - Debt Service Coverage Ratio; 1.0 is B/E; 1.2 is min for bank loan; higher the better). . 

All good info @Orlando GuzmanAlso come to the MSCoast REIA meeting the first Tuesday of every month in Gulfport at the NextHome E-Realty office!

E because you have history of rental income not 75%.