Quote from @Allison Cutlip: Hi all, My boyfriend and I are buying our first home that is a duplex, planning to live in one unit and rent the other side.

It sounds like you’ve got an exciting plan mapped out, and I love that you’re thinking of starting a property management business while building your own portfolio—that’s a smart move.

I plan to use it as a rental property, but I'm concerned about the location—Bullhead City, Arizona.

Crickets...At this rate, it will be 2+ years before the project is finished.Anytime you ask for a project plan or schedule you will get vague responses with no actual plan.

Plan for the unexpected3.

A vacation rental could generate higher returns but requires more active management.

A revocable trust offers excellent estate planning benefits but provides limited liability protection and no tax advantages, while irrevocable trusts provide stronger protection but less flexibility.

They may just vacate.

Most will not do 100% loan-to-value so plan on something less than that for the loan amount.2.

What type of property do you plan to purchase(Single, multi, commercial, etc) and where do you plan to buy it?