My twin sis is actually getting some proceeds from a home sale due to her recent divorce and is looking to invest in Reno, and I am considering investing in a property with her if we find the right multi-family in the right neighborhood for the right price. 

Are there any potential risks or downsides I should keep in mind before proceeding?

And you get feedback at a level high enough to determine how to proceed. 

Haven't seen much activity on BP lately up here in the NorCal region, I'm sure everybody is busy out there taking on some great deals.

I'm having a hard time trying to find a bank that I can open a business account with online.

Hi Nathan,So quick question:  once you verify that tenants abandoned the property, and you posted the notice to front door (giving them x days to respond of course) and they still don't respond then you can regain possession of property and proceeding with whatever you need to do in order to list the house again? 

I do not have the capital right now to do so but if i sold my business then i would! 

They do not take into consideration the revenue from the STR business as part of the selling price.So if comps say the duplex is worth 500k, then it is worth 500k.

Now let's say one or both people making the purchase owned a condo previously where they roll over the proceeds/equity into the new purchase and put 40% down.

To navigate the nuance in the laws properly for compliance and to accurately structure our LLC, I am looking to consult with an attorney who knows immigration + business + tax laws.