Plus there could be other liens on the property that you'll have to deal with too.

This property was financed by private money.

They find the property, manage the renovation and furnishing then manage it.

A prime commercial property located in the heart of Downtown Morganton, near the courthouse and surrounded by thriving businesses.

A prime commercial property in Downtown Morganton near the courthouse and thriving businesses.

I currently only have 1 duplex, however I want to set this up right so it will work for any size portfolio.Currently I haveHome folder>multi family/single family/legal documentsInside the multi family I have Name of property-> general property maintenance/first floor/second floor Inside of first floor (the one currently rented)I have, pictures (before and will have after) / lease documents / a spreadsheet with each month, what day rent was paid, if it was late, if late was fee paid?

That way each property is protected from each other.

Hello , I have a rental property in memphis and now planning to get second one.I need to understand if I cash-out-refi my first property and put the cash downpayment on second one , Should I consider that as 0% downpayment Or 20% downpayment to calculate if the numbers make sense.Also suggest if I should do it at this point or wait some more time.

I actually just sold an older property because there were too many repairs, so I was hoping to find something more hands off as I am an out of state investor. 

@Ellen MarshallTo calculate a net monthly cost of $800 for a duplex house hack, input rent and property expenses.