Plus what states that will be important for venue.

We allowed the place to do needed repairs-water line running under state route 31 was a big project.

Hi Alyssa,As others have stated, the property would not clear a Rent/PITI (DSCR) ratio of 1 at the values you mentioned.

Risk Reward-  as I stated earlier the S&P 500 P/E ratio is almost twice as high as real estate at a 7 cap.  

Yeah Yeah Yeah... since TCJA these federal deductions disappeared, but some states still allow for them to be deducted.

Thank you in advance.Wholesaling is restricted in some states.

This way, the operating LLC operates under the umbrella of the holding company LLC, resulting in two separate Secretary of State filing numbers.To proceed, you would open a second bank account under the name Holding Co LLC, doing business as Operating LLC.

The lease states that the tenants are responsible for the full unit rent regardless of the number (in the event one tenants moves out before the lease ending date).  

Keep in mind that some of these obnoxious transfer taxes are not considered state or local taxes for tax deductions but rather increase the basis of the property as part of acquisition costs.

As Gino has stated, duplexes are not underwritten as "true multifamily" because of how they are valued.