Quote from @Giovanni Vazquez: Hello BP community, I finally bought my first duplex thanks to my phenomenal realtor Adam King in July 2024. 

There’s huge retal income potential if you nail that balance between improvements that wow tenants and improvements that merely look fancy but don’t justify higher rents.I’d also keep an eye on how your high end plan fits the local demand.

Whatever market you choose, be sure to nail down your buy box.

Approving an application typically means the tenant meets your criteria and is a good fit, but it doesn’t have to be a final commitment to rent.

I think if you can nail that down you will be able to find a market easier.As a buy and hold investor some of the things that were important to me when deciding on a market were landlord tenant laws, price to rent ratio, housing demand, ability to build a team, large population 500K plus, multi-family availability and some other factors.take the process step by step and you will be fine. 

We do not factor in capital gains tax in our final net profit projection Hope that helps!  

Anyways, I think @Caleb Brown hit the nail on the head.

Quote from @Daniel Huang: Hi, I am trying to transition to develop my rental income as I am in the final years of my professional career.  

They finally get back to me after the close date to say they need more time because they are try to cross collateralize their other properties to make this deal happen and the bank they were using doesn't do this kind of loan. 

A relative who does long-distance real estate investing told me that I have to sign the final loan document and the transfer of ownership document in person.