Back to present.She gave me a story on what had happened and I did my best to remind her that we agreed on her consulting me prior to make any decisions.

Agreed with all posts above.

Never to agree to have the buyer pay the CO.

@Don IrelandOwning a duplex that you plan to househack is likely up there in complexity when discussing tax returns.When you acquire the property - you will have acquired an investment property in addition to a personal residence.As such - direct expenses related to the investment property and indirect expenses related to the investment property will be deductible when calculating rental income.I agree with Ashish - that you should open up a separate account that relates to expenses paid for the duplex.

Tenant A was stubborn and did not want to take the time to share actual calculations of the actual utility bills.To solve this issue of Tenant B not knowing how much to pay for utilities every month, I asked Tenant A and Tenant B for verbal agreement for an estimation of the utilities that Tenant B can pay per month, we all agreed on a monthly estimate that seemed reasonable. $60/per month for Tenant B.Tenant B agreed verbally on this, but ever since that agreement he still neglected to include the $60 as an estimate for utilities in addition to his rent.I can’t make him pay it, since I do not have the actual utility bills.

Day 11.The Tenant does not pay rent as agreed to on day 5.Property Manager calls to tell you the rent hasn't been paid as agreed to on day 5.

@Caleb Heimsoth I agree.

I agree and have a more concrete view from your opinion.

I agree it's the holy grail to get in on a gentrifying area before the trend catches on and ride out the increased rents without technically doing any value-add.

I agree with what previous replys have stated as far as the financing parts.