This means $1k a month will start going into my savings for my next investment.ARV=140K-150K75%=105KOffer=95K /30yr / 4% Interest raterepairs/build-out approx=10Klets say if sold in 2 years approx profit would be 20k-30KI will also be able to keep more of my personal income cashflow of approx 1K a monthafter the build-out and tenant is placed in.and that goes into savings that in approx 2 years will total around 12K to 24K a portion of that savings will build the ER funds to maintain the property.lets say also if halfway through it I decide to move out and rent the otheradditional 3 bedrooms this will grow a monthly cashflow of $1,600making the property cashflow approx 1.5K monthlywith this process I probably do a refi after 2.5years and utilizeit as a tool to continue future purchases.

Section 8 usually only pays a portion of the rent each month , and you can't charge a late fee on the sections 8 portion, if it comes after the 1st of the month, which it will,  Usual pays out are by the 3 to 5th.

But when you go to finance with a bank, the banks appraiser will cap rate the lot rent only, tossing the portion of the income that is from the home.  

The rental portion of the duplex will cover my mortgage and upkeep.When I quit my current job I want focus on my small business and also supplement my income by cashing out my 401K and buying another multifamily investment property. 

I've read a few articles describing the benefit of using a 3rd party like "cozy.com" to collect rents from tenants...one benefit being my routing and account number aren't given to tenants for direct deposit which can evidently lead to issues down the road...however, the main benefit being that a tenant can stall an eviction by direct depositing a portion of the rent owed into my account, thereby, nullifying the eviction process and having to start over since I "accepted" partial payment. 

The South and Western portions of the ranch are within the shelf and slope regions of the carbonate platform where the application of new 3-D seismic technology tied to solid geological models will lead to a very successful venture."

I'm not a sue happy guy, I've had to go down road, but I'd be looking into it, or at the least any cost/losses caused by this comes directly out of his portion which would likely mean he gets nothing from the sale, and the rest of you take less of a haircut.

@Carol Venolia, I would have the remaining tenant refund the leaving tenant his portion of the security deposit.

You can use the solo K when operating an LLC taxed as an S-corp, the key is the W-2 income you pay yourself which is also what will save you that portion of the self employment taxes you talked about before.  

You could "finance" a a portion if you had a higher purchase price, with the seller contributing toward closing costs.