You appear young, Tim.

This appears to be a 'transfer tax' instead of an income tax. 

This method is helpful if there are time constraints on obtaining a cost segregation study, but it is not the most accurate.SAMPLING OR MODELING APPROACHIn this approach, a cost segregation study is performed over a sample of a large portfolio of properties that are very similar in terms of appearance, use and construction.

I'm not too hung up on this, because the margins still appear very attractive (from what the agent speculated ARV). my hesitancy stems from a lack of experience and direct steps/plan of action to take on a property I like. 

The Registered Agent will record the documents on your behalf so only their name and information appear on the documents.

The only thing that might give me pause would be if I did not have sufficient capital on a building that was older but had appeared to have significant maintenance issues when I was looking at it to buy.

It does appear everything they have done in the past four years is catching up, people are reporting them but at the same time, they start new investments with new people and keep selling the program.

There are quite a number of things that can make utilizing an FHA loan more difficult such as more barriers during appraisal, appearance of low qualification/little cash, typically longer closing period, likely higher interest rate, and PMI cannot be dropped without a refinance if 3.5% down.That said, just chain 5% down conventional loans, and make sure your duplexes pay for themselves.  

We have a minimum income requirement to qualify for this unit (4 times monthly rent); based on your email, it appears you meet that qualification.

The operating expenses in your report seem really high and some appear to be redundant.