The property is a duplex, and he plans to give all the proceeds from the sell to his daughter.

Please keep us posted on how it works out when all is wrapped up with the tenant.We recently were looking at a duplex that we wanted to buy, but the current tenants (in both units) had pit bulls.

A buddy of mine just built a duplex on the water in Placencia

I am considering working with a property developer in NJ to buy land, build a duplex/triplex and sell it (6-9 month time horizon).

They sold two appreciated duplexes in Dallas and we turned them into 8 units in Mesa, AZ with higher cash-flow, and much closer proximity to Southern California.I'll add to your Phoenix "pros" list:1) Landlord friendly rental rules2) Easy evictions in < 30 days3) Rents are rising faster (on a % basis) than many other metro areas4) Low property taxes (and the property taxes don't sky rocket after a purchase as they do in CA)5) Very low vacancy and extremely high tenant demand.

My friend said his client nearly bailed when she found unexpected wiring issues behind the kitchen walls..apparantly the seller hadn’t touched that electrical since the Reagan era..but with a patient electrician who understood the local code and a carpenter who improvised a shelving trick in the diningrom, they ended up selling above asking.Flipping and building can get tricky, especially once you start thinking bigger.

I recently bought two duplexes in Longview.

One is fourplex near downtown of Union city new jersey and the other a duplex in jersey city heights neighborhood.

Quote from @Mike Sfera: for a duplex, is the BP rent estimate for per unit of combined?

I recently moved an electrical panel for one unit of a duplex.