As a purpose built rental the price is generally driven by the rental income not the emotions of buyers.Pull your home equity to invest but do not expect to be reliant on the income when you are unemployed in 4 years.

As an s corp you need to be paying payroll taxes and owners are considered employees for that purpose..just pointing it out because taxes should be withheld from the paychecks and remitted to the state/fed...check with your CPA right away so you don't miss filing deadlines...

@Yonah Weiss, @Dmitriy Fomichenko - The Depreciation comes into play when you're calculating your profits for purposes of UDFI Tax computation. 

Go on YouTube or google how to compare properties.

It was the top floor (which happened to be the 3rd floor) and I had ridiculously high electrical bills compared to other places I lived. 

Specialty firms typically referred to as IRA facilitators and advisors perform this type of legal service.If you qualify as self-employed and have no full time employees, a Solo 401(k) is also going to provide checkbook control, and as a retirement plan has several advantages over the comparable IRA LLC.

How does one compare the price between a sfh and a duplex with the same square footage, and finishes in the same neighborhood?

Chris Hannigan not sure what a price-rent ratio appraisal is but if it’s a duplex it will likely be appraised by the comparable sales approach

Debt to income is not an issue, we have very low debts compared to our income.If we were able to find a private lender for 12 months is the best route to get a home equity loan after those 12 months are up to pay back the private lender?

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.