Plan is to use master lease option, and then hold for long term cash flow.1) Being a unique property and hard to find comps, given the appraisal, sale and listing data, how do you determine what your max purchase price to be?

Just my 2 cents - but a license isn't really necessary to make money in this game.Yes, you will have to work for a broker for either a specific amount of time, or you will have to close some amount of deals before you can get a broker license -this varies by state, so check your local division for the requirements.So... are you asking about the financial costs? 

I am curious to learn a bit more about these unique things. 

@Ram Su the issue with AM Fam and SF is they each have their own unique policies that are not standard to the rest of the marektplace. 

Even if we have to keep the existing floor plan I think we could still charge $1400-1600 in rent for the area based on comps, which would still make this a profitable deal.Here is the unique aspect to this deal that I could use some help with.

What is unique about this situation, at least for me, is that the duplex is owner occupied which qualifies the current owner for the exemption.

I was very tempted to raise 1 million and buy the sub divisions, maybe 20 to 25 more houses!!

@Pat McCandless We have a solid infrastructure in place to deal with the tenants and the unique kinds of maintenance issues that come up with a multi family house as opposed to a single family so we do not find them any more difficult than a single family. 

My personal belief is that "It is not the software that defines the process, but the process that should define the software" In other words, each and every one of us have a unique business, with unique processes that can utilize software to reduce workload, provide a better customer experience and automate tasks.

Where they end up with their unique situation isn't.