I'm not a financial professional, so seek qualified, competent advice.If the property is in your name, the LLC / business entity structure will not protect you against lawsuits, etc.If that (mortgage deduction) is your criterion, however, you may want to re-examine your priorities.

What is your cost of capital, what is the effective rate with PMI, the trick is to reduce your cost of capital and then manage your use of funds by examining your opportunity costs.

I don't know if you are under contract on this or just examining it now, but I think you could probably find a higher COC return if that is what you are targeting.

I’m happy to announce that after a LONG 2.5 year process, as of July 25th, I passed my 2nd NRC Exam in my long career in nuclear power.So here’s my story in purchasing my first duplex…Around June or July 2015 I was trying to figure out how to buy a property outside of my SDIRA to increase my personal income.

But I thought the whole reason for inspection period, even if the contract is “as is” is to examine if everything is up to par during the inspection. 

Insurance is going to be your main issue, as it is costly and having been on three boards, we were risk averse to changing it or losing it as I recall insurers bringing up details from bbq to pets, etc. and when you have a claim, really it seemed a struggle, and if they can get out of paying they will..even got dropped once...Maybe have the master policy professionally examined to see what is allowed and, worst case, explore if you can get legal help to work out a mechanism to hold the association harmless (be it your own policy, plus umbrella, and maybe indemnify the association for any claim)....some great advice here and some firms may be more willing to write the policy.

Just last year, Forbes Magazine examined pet friendly rentals in the top 25 markets, and determined that Seattle’s pet friendly rental market is the second best in the US.

Guessing you're desirous to turn your Pittsburg dirt into profits, I think you're on the right track though will suggest strongly that you yourself or someone very knowledgable that you can trust and manage babysits the process down to keys in hand, as I assure you, dealing with contractors and all entities along the developer's path takes an entirely whole new layer of skin and nerve.

Anywhere really provided you have the capacity, funds, knownow, nerve and the stomach to take it all on.  

There is no need to examine the title before the mortgage foreclosure.