I own 4 SFR, but I am trying to convince my SO that purchasing a duplex for us to live in is an excellent idea, while teaching him the ropes of REI (he's new, im not).

This post is meant to seek out thoughts on what to best do with them.The unit I am working in is below another one, so removing this one probably means that I would need to replace the one above at the same time.

I don't see much near that in my area except in parts of town I'd rather not invest in. I

In California our listing agreement actually discloses this by saying something like this going by memory, "your local MLS is ___________, the MLS your property will be listed in is _______.

The complaining tenant has only been there 3 months, and the upstairs tenants have been there almost 4 years, they never had a complaint against them about noise before the complaining tenant moved in. I

I haven't used it to create an LLC, but would use their service for this if I was doing a basic, small company setup.Anytime I'm creating legal docs for an entity that has a substantial amount of money involved or potential liability issues (i.e. pretty much any real estate venture I'm involved in), I use a lawyer.Lynn

For me, if I know what my repair costs will be and my closing costs and holding costs and I factor all of that in I want there to be about 15-20% left on the table.

Once I have some cash flow coming in, I would like to start looking to do some flips.I look forward to learning and making some new friends!

One of the main advantages I see would be that I could have say 4 properties if I could find 75% financing and achieve a higher return (I am looking a long term wealth compared to current cash flow) AND I would have quadruple the appreciation.From a legal perspective, I will let others chime in. I

I agree with Andy - get in there and assess the property, to see just how much work is left.Also, does zoning allow you to put a basement apartment in? (I