I will also take the investment and occupier tax benefits as his low and fixed income won't need much tax breaks.Finding the right duplex that makes sense from both and ROI and location sense (not on "multifamily row" for example) will be challenging but I'm trying to see if this makes sense for me financially. 

Hey BP, I'm buying my first property using my LLC and Im curious about pulling money out as a company vs an individual. If your portfolio consist of properties own as a LLC and you have refinanced one or more of them...

We loved the challenge and process but we decided that we couldn't do another if we were both still employed FT...just too much strain on each other.

As I was going through the podcasts, I came accross Brandon's "90 challenge" and now im ready to get started.

Since this is your first purchase, it might make sense to suck up the cost and engage a buyer's agent to guide you through the purchasing process.  

I attended a presentation at IMN SFR confernece Iin Miami and 2 panelist had success rates of 20-25%, so it can be done, but 50%+ success rate seems challenging if not impossible. 

I am simply using more precise language.I do this because Unrelated Business Taxable Income (UBTI) is generated when a tax-exempt entity engages in a trade or business on a regular or repeated basis (i.e. flipping houses or other types of dealer activities). 

Update: Both of our CPA's have challenged this deal.

Might be challenging but possible.

This real estate business only works long term for those who engage their brains and factor in ALL costs and risks.