If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Did the book provide enough information to get started such as contracts, tax liability information? 

Compile the list and then run the tax records on them all.

why would a tax bill wipe out your equity at 60% loan to value?

If you lived in the property you can sell it to capture the equity without paying taxes on those gains.

For the LLC, talk to an attorney and your tax person.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Details on the duplex:Price: $385kBuilt: 2012Size: 2674 sq ft (1333 each side). 2 story, 3B/2.5B each side w/ 1 car garage & driveway for both, fenced backyard both sides.Interest: 5.49%PITI: $2,698Current Rent: $1,350 but could be brought up to ~$1,600, maybe $1,700Yearly Property Tax: $8,340 (I don't pay any on my side while I live there so $4,170)Upgrades: Vinyl floor in kitchen of both units, new AC (central HVAC) on vacant unit, roof done 2016. 

Lien, State Tax Lien, Fed Tax Lien.