, I really need to keep it simple and minimize risk since I live abroad.

It usually means there are problems to be solved for the seller which will translate to opportunities for you.Keep it simple on your first 2 deals to minimize your risk.All the best.

If maintaining strong cash flow and minimizing risk are more important, Option 1 is the safer choice.Good luck! 

If you’re set on condos, ensure you’re targeting areas with strong rental demand and minimal HOA restrictions.Regarding an LLC, it’s great for liability protection, but it won’t necessarily give you tax benefits unless structured strategically.

I happened to get lucky this year and had minimal expenses there.

You minimize your risk of violating Fair Housing Law or compliance issues using an experienced property manager.3.

Keep your payment at no more than 35% of your income and minimize your credit card and auto debt.  

Purchase Terms: Clearly outline the terms for your brother to purchase the property from you, including the timeline and price.To minimize the financial burden on your HELOC, refinance the property into a traditional mortgage as soon as possible.                                                                                           

If you’re set on a duplex with minimal rehab, an investor focused agent should have a strong network of contractors who can give you quick quotes, so you don’t wind up with any pricey surprises.

@Rick Albert, It seems that you're suggesting that the goal is to raise the rent to below market value to try and minimize the risk of vacancy.