One of the benefits of this is that you don't have to spend so much money all at once.

I screened Tenant B per usual, although they have the least rental history of anyone I've rented to and are getting a bit of the benefit of the doubt based on Tenant A having been good (plus they have a guarantor, the mother of both tenants).Tenant A is moving out half a month before their year-long lease ends.

I.e. what if one doesn't get along with the other-Any benefits to trying to officially convert it to a duplex with the city if it is zoned to allow MF?

I already own an LLC (residential contractor) and understand the liability benefits of running this deal through the LLC.I'm only asking about the differences from a business perspective (taxes, showing the income as business income vs. individual income, etc.).

Given your situation, seller financing at 7% might be the better choice since it provides some cash flow, even though you lose out on tax benefits.

The real savings and benefits come when you're purchasing an existing LLC or corporation that already holds the property, rather than forming a new entity and buying the property directly.

You may not find huge tax benefits by putting your properties into a corporation - Though there are risk benefits.2.

The other benefit of doing it myself is that it's forced me to be much more involved and to better understand the finances of my investing business.

(pretty good bet things aren't going to 2% any time soon)We have wound up restructuring several notes to our benefit because the owners were really happy to have the income immediately

The industry as a whole benefits when sponsors do a better job and I'm always seeking improvement.