As someone who has sold over $100M of these types of assets I try to provide the following information on all duplexes.Asking priceVideo tour of the house & neighborhoodCurrent rentMarket rentAnnual property tax amountYear builtAge of the roofAge of the furnacesAge of the hot water tanksAge of the electrical systemsProperty Management costsEstimate of variable cots (utilities, vacancy, repairs & maintenance)Now the above is an incredibly robust list of things to provide.

We are currently using Buildium, and it doesn't appear to have the functionality.

The faster way to limit your exposure is through implementing the use of a Traditional LLC (without the series functions) to take over all your operations - and housing most of your highest liability actions.

Opened up space in basement to make it more functional.

Most of the investors I work with out of California end up favoring the Delaware Statutory Trust, as it can be formed to fulfill similar functions to the Series LLC but is not impacted by the annual $800 franchise tax that is applied to every LLC, or series within an LLC.

All of these will need to be updated/replaced at a certain point once it is no longer functional so you need to account for these expenditures when running your numbers.

So rent it but without a management company.And in case anyone needs the Freddie Mac guidelines on Second Homes...here it is:To be eligible, second home Mortgages must:■ Be secured by a 1-unit property owned by an individual who is also the Borrower,occupied by the Borrower for some portion of the year and the property must be: In such a location as to function reasonably as a second home Suitable for year-round occupancy Available for the Borrower’s exclusive use and enjoymentThe property must not be:■ Subject to any timesharing or other shared ownership arrangement■ An ineligible property (e.g., a unit in a Condominium Hotel)■ Subject to any rental pools or agreements that require the Borrower to rent the property, give a management company control over the occupancy of the property, or involve revenue sharing between any owners and the developer or another partyHope this helps! 

You can explain what the entity will look like, how it will function and what kind of protections will be available to anyone wanting to work with you - it is a valuable piece of due-diligence.

We currently use that now as a property management company and it is a lot more robust. 

This website is fairly up to date in the offerings comparison.PricingPricelabs is the bestWheelhouse is okayMulti-Platform ProductsJust pick the ones with the best features, pricing, functionality and messaging capabilities for you.