Tim been instrumental in letting me know:~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Who legitimate or not lenders coming out of CaliforniaI believe he would be worth a telephone call and face to face meeting.

Austin currently houses offices for Apple, Paypal, Electronic Arts, Google, Intel, Dell Computer, IBM, National Instruments, Xerox, Silicon Labs, Applied Materials, Rackspace, Yodle, HomeAway and many smaller start-ups.  

I have many mentors who I meet with regularly who have been instrumental in my career.

I look at it like a safety net incase one of my deals blew up on me. in these great years of late were I have paid very large amounts income tax if I had a melt down project and lost say 500 to 1 mil  ( which has happened to me in 09) I could then go backwards and recapture all the tax I paid the last 5 years.Now of course that's me were I have high exposure to risk.. if your exposure to down side is not as great then I think anything you can do to get out of AMT is good.Although I also like the uneven distributions you can do in an LLC and the general flexibility of the instrument itself

The JV is NOT a recorded instrument so the managing member of the LLC could potentially sell the duplex on you and keep the money. 

It should be a clause in the instrument that secures the loan.  

.- the homeowner next door not liking renters however I wouldn't want to place bad tenants eitherI don't know that this would be a strategy to propel me towards my investing goals however if the numbers are great they may be instrumental along the way.

Can anyone recommend a good website or online instrument that helps buy and hold investors analyze properties geographically.

Under Wisconsin’s adverse possession doctrine, there are three scenarios in which a person or entity may take title to the real property owned by another person or entity: (1) by continuously occupying the property for 20 years and claiming the property as his or her own property despite having no instrument actually conveying the property to the adverse possessor;³ (2) by continuously occupying the property for 10 years under “color of title” (usually occurring when a written instrument or court judgment mistakenly conveys property to the adverse possessor);⁴ or (3) by continuously occupying the property for 7 years under color of title and payment all taxes and assessments associated with real property being paid by the adverse possessor during the 7 year period.⁵ Under any of the three methods of adversely possessing a record title holder’s property, the adverse possessor’s occupation of the property must be hostile, open and notorious, exclusive and continuous for the statutory period.⁶ Hostility does not have to mean deliberate or with unfriendly animus on the part of the adverse possessor, but simply means that due to the adverse possessor’s claims and use of the disputed property, the true owner is unable to assume possession of the property (i.e., that the adverse possessor is claiming title to the property).⁷ Further, open and notorious simply requires that the adverse possessor present to the general public that it is the owner of the property.

I'm purchasing it for $103k and after repairs it should appraise at $150k after 1 year (or less) of seasoning.The plan is to have him occupy using an instrument that will allow him to refinance after 1 year.