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Purchase price: $424,500 Cash invested: $20,640 I purchased a small detached duplex that I plan on moving into one and keep the other as a rental.

The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.

We plan to set-up an LLC, is that the correct approach?

We would just save up, do 1 room/project at a time.

You'll have access to owner occupied loan products, therefore saving on your down payment, typically 3-5% compared to 20-25% for non owner occupied properties.

I plan to utilize the BRRRR method in and around the Augusta area through a SFH or duplex.

If you plan on eventually selling, central air would add a significant value increase, so you may consider if that's the case. 

I know you mentioned taking time to relax, do you plan to further scale or do something different outside real estate?

I plan to sell the land and which option would maximize my value?