You can generally deduct real estate classes and memberships as business expenses without an LLC, as long as they relate to your investment activities.

If the due on sale is trigger I also have my back up plan (just realized that some old freddie mae) does not have this clause on its terms).

Finally, most companies won't loan to an LLC without a personal guaranty unless the LLC has a lot of assets and a very long history of creditworthiness. 

I was looking to have it convert to a long-term mortgage and eventually cash out refinance to build a second duplex once enough equity built up 

This will be an architecturally interesting building on 2+ acres with power gate at the road and fairly long driveway that sets the house out of sight from the road. 

Not only do you have all the same analysis of a flip, but add to that the long-term hold and being a landlord piece as well. 

The attorney should be capable of explaining the pros and cons of different options.There's no rent control in Virginia, so you can raise as much as you want as long as it meets the terms of the lease.

Aloha Lilianna,The best time to buy a real estate for the long haul is always when others are selling left and right or during crisis.

In terms of other candidates, I have enough unqualified ones, so there is that. 

Needless to say, real estate investing is a long-term wealth vehicle.