Quote from @Allison Cutlip: My boyfriend and I are closing on our first property soon which is a duplex where we will be living in one side and renting out the other. 

I wanted a house for myself to live in and I had been living with parents for two years to save money.

I grew up north of San Francisco and then moved to live and invest in Reno, NV.

I live in California.I also wanted to know if there was anything you wish you had known before setting up an LLC/IRA and why you chose to set one up and has having one met your expectations?

Because someone looking to live in the property will pay more because it's usually an emotionally drive decision.

I'm from Newburyport and lived in Seaport for a while.

Quote from @Kamal Martin: Quote from @Julian Zamora:Thanks for the info,No I don't live n PR do you? 

Theres someone living in the side that I will be occupying until the 1st of February, but since I JUST became the owner, would it make sense to reach out and ask them something like "Hey its __ the new owner, just checking in to see how you're doing.

I'd level up with a BRRRR, live-in flip, or house-hack before jumping into a challenging renovation.

A few years later, I hired a local Wyoming attorney to create a living trust.