Quote from @Angel Peng: Currently in contract to close on my first duplex but the Landlord insurance cost took me by surprise.

But on the other hand, if the seller wants close to retail, but there are a bunch of major issues, then it's just not going to work as a BRRRR.but i am going to be honest - i think from looking at your other posts that you are trying to BRRRR out of state, and so this question makes me nervous for you. 

Again, I'm realistic and while I love our platform and our competitors, nobody comes close to the level of simplicity that Zelle or Venmo has. 

That said, I would still recommend you have them executed at closing by your closing agent, along with the other docs.

Sounds like you may be in the heart of Atlanta, or at least very close to it. 

Finally, your hunch is correct: when the syndication cycle closes, your past "free lunches" will have to be paid for, aka recapture.Here're some relevant posts from your favorite site:https://www.biggerpockets.com/forums/51/topics/839015-are-sy...https://www.biggerpockets.com/forums/51-tax-legal-issues-con...https://www.biggerpockets.com/blog/real-estate-professional-...  

So close to 2 full years to obtain optimized rents.Your maintenance/cap ex is far too low for the long term.  

@Will QuinnCongrats on closing! 

I am from Austin, so close by!

If the inexperienced investor knew how much work, effort, time, analysis, negotiation, organization, capital, and knowledge it takes to successfully find, identify, evaluate, and close on a property that fits the criteria that gurus falsely claim they see 100’s of every day, 99% of them would abandon their real estate dreams” and pursue ostrich farms, mink breeding, or setting up a “down line” to sell condensed cleaning products that their “upline” has an exclusive distributorship on for the southwestern quadrant of Bisbee, Arizona.