He should have run a prelim title report to identify junior lien holders, as tour your offer may have to be structured differently to deal with them, ie. lower purchase price as you may have to contribute additional cash to satisfy am junior lien.There’s too much to learn for You to know everything involved.The list price is irrelevant, the price the bank will eventually accept is what matters.Worst case, get a contract executed, provide a legit POF or preapproval, see where the bank comes back.

You will want to ensure that you will be receiving the duplex in the condition it was in (or better) at the time your contract was executed. 

@Elizabeth KnessHave your boyfriend execute a "lease" for you for $500 a month and go back to the lender.

I suppose its possible that you could see a property scheduled for auction, execute a contract with some sucker for a purchase price at $XX, and that sucker could put hundreds of thousands of dollars in cashier's checks in your hands, so that you could bid on their behalf at auction for $YY, and then collect the difference as your cut after auction when you put the property in their name?

Nope):1 - Learn how to analyze with real numbers2 - Learn what a plan is, and how to develop one for REI3 - Learn what is important to a REI...and then start thinking like one, instead of a homeowner.4 - Learn how Money Works5 - Learn how to analyze Markets (not economic...geographic) in order to find where the properties whose profiles match the criteria you need to execute the plan you developed.6 - Learn how to eliminate any emotions, both yours and the ones you think are driving forces for the buyers/renters that will be your clients7 - Learn how to eliminate any for of "rationalization" (most expensive word a REI can use) from your thoughts.8...and last, for now, learn how to describe yourself (when asked what you do for a living) as a "Successful Real Estate Investor". 

If you are an investor looking to purchase the right type of rental property, review the following information to determine whether you and your property are the right fit for corporate housing – or whether your property may be a better fit as a traditional, long-term rental property.LOCATIONCorporate housing thrives in urban and business areas where executives travel to often.

I think I have a solid plan to get off the ground but I will need to figure out how to execute it:1.

Network with experienced syndicators with a good track record and reputation of executing the kind of stratgey that appeals to you and your investors and offer to bring money to their deals. 

I will send him the executed documents for the contract.I am preparing a list with the upgrades that we have done.

My opinion:A C corp is definitely more appropriate for an enterprise level company with multiple shareholders, executives, a board of directors, etc...