@Sam Crochet, I'm not well-versed in partnering on deals, so maybe I'm talking out of turn here, but you better get some legal documentation drawn up defining all the nuanced details of your partnership.

Here are some considerations for investing in a duplex in the Dallas area and potential alternatives:Investing in a Duplex:If you rent out one property, you can possibly create positive cash flow by partially offsetting your living expenditures.If you're an investor with limited funds, duplexes could be a more accessible alternative because they may have lower entry expenses than bigger multifamily properties.Perform in-depth market research in the Dallas region to pinpoint communities that have high demand for rentals and good prospect for real estate growth.Take a look at owner-occupant-friendly financing choices including FHA loans, which frequently have less down payments.Make sure you have a well-defined escape plan.

(a) "ORCHARD" OR "VINEYARD" DEFINED.

If that's the case here, the PMC would probably not be liable.You'll also want to show the attorney any written communications with the PMC regarding the utilities and ongoing RentReady repairs, as these may also define who was responsible for what or if they took on more liability than covered in their management contract.

Good luck with your house flipping business, and I hope you find the right professionals to guide you through the legal and tax aspects of your venture! 

What is you opinion on setting up LLC and other aspects of this business first.

I want to get involved in all aspects of real estate investing. 

@Bruce WoodruffI guess it depends on how you define "real risk." 

Remember, only because the IRS code defines rental real estate as passive for tax purposes. 

Overall, it's great that you're thinking ahead and considering all aspects of the rental!