The question is a bit complex but people like Dave Foster can answer in his sleep. 

Complexity of course makes a difference, but an old mortgage or some other blip on title no one would contest isn’t a painful process usually. 

Renting currently at a complex right next to lehigh valley cedar crest hospital.

Obviously going to tell you that you need to use a CPA, have your wife learn the complexities that will go into your tax filings now that you own real estate, after a few years you might not need to hire a CPA anymore but for now, you need the help/advice.

@Don IrelandOwning a duplex that you plan to househack is likely up there in complexity when discussing tax returns.When you acquire the property - you will have acquired an investment property in addition to a personal residence.As such - direct expenses related to the investment property and indirect expenses related to the investment property will be deductible when calculating rental income.I agree with Ashish - that you should open up a separate account that relates to expenses paid for the duplex.

Course I am not building massive apartment complexes targeting that generation either... 

I am planning to buy out of state multifamily building/complex of around 2-4 units with in next few months. 

I am a realtor and have a buyer looking for a multi-family apartment complex.

However, most of our leads have been smaller complexes, duplexes, and single-family homes.

If you are considering a condo to invest in find out if that condominium complex is "warrantable".