Thanks Dan, appreciate the info! 

Hey Harinoor, if you purchased the duplex with a mortgage, contact your lender to understand their policy on transferring the property to an LLC.

With just a bit of reading you will be way more informed than any non real estate focused accountant.2 - Get a free Cost Seg feasibility analysis for your property.Armed with the info from those steps you'll be able to make informed decisions about how to move forward.

We talked before let's connect again  Yes sir @Rodney Love You have my contact information.

I would start there versus coming to BP for this info.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

Really interesting info supporting St.

If you are using a contractor, let them get them as they already have contacts. 

In my mind until they are lost they are all pre foreclosure.. when I chased these in earnest before the very strict  laws were put into place to make this activity very dicy we bought all of ours within 24 hours to 5 days of the actual sale at the steps. that's were you got the good deals.. if your mailing or contacting them with just the notice of default your going to not do very well at all.. they are not properly motivated at that point and you will waste a ton of time and money chasing those deals Along with most of these will have very little equity if any..

There is no way to answer you without a LOT more info.