Here's the current situation:The fourplex I bought upon completion in December 2016 for $550k is now already worth $645k (actual sales comp from identical building) and I haven't put a dime into it.

While the property's NOI is identical in B and C, B is a decision that economically rational people would take on, whereas C would not make logical sense (as far as I can tell, but again, no experience).

Don't pierce the corporate Veil: This can occur if the entity either is poorly capitalized.Inadequate Initial funding of the entityor fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books) Conversion of entities Assets for Personal Benefit:Another factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.Also, you should get a good Insurance.

Two identical house in different neighborhoods will have very similar Cap Ex costs.

@Brian Wilder The problem is everything is really really competitive right now and you are just 1 of 10,000 investors in Jacksonville that want identically what you are describing...

@Andrew Angerer - Your logic seems sound; however, have there been any more identical (2/1) sales within like .5 miles over the prior 6 months or so?

Only as much as an identical house with the same upgrades sells for.

I just sat down with my PM that has hundreds of units and she showed me two literally identical properties in Windsor Hills.

I owned an identical 2x3bd floorplan duplex in Sacramento for 10 years and I have plans to sell for a modest profit when RE market gets better.

The unrenovated identical duplex next door rents for 900, but that also has a 1-car garage.